Letter: Misinformation circulating about library referendum


Share
Posted Online: April 05, 2013, 2:20 pm
Comment on this story | Print this story | Email this story
Voters of Millersburg and Mercer Townships:

In response to an erroneous letter in a local paper, members of the Friends of Mercer Carnegie Library would like to clarify these taxing facts.

It has come to our attention that there are some misunderstandings with regard to calculating the tax impact of the Mercer Carnegie Library bond referendum. Remember that the 37.89 cent per hundred dollar tax increase applies to the taxable value, which is one third of the market value less a homeowner occupied deduction of $6,000. A $100,000 market value home has a taxable (assessed) value of $27,333 so the 37.89 cent per hundred would equal $103.57 in taxes annually. Also, be mindful of other qualifying deductions which could further reduce a homeowner's tax bill.

The increase is a 20-year bond which could be reduced by early payments or grants. We hope the information helps to clarify the matter.

Betty Paul, Lois Ricketts,
Barb Runyon,
Friends of the Mercer
Carnegie Library

















 



Local events heading








  Today is Thursday, April 24, the 114th day of 2014. There are 251 days left in the year.

1864 -- 150 years ago: We learn that it is a contemplation to start a paper mill in Rock Island during the summer by a gentleman from the East.
1889 -- 125 years ago: The gates of Oklahoma were swung open at noon today, and a throng of more than 30,000 settlers started over its soil.
1914 -- 100 years ago: The Iowa Coliseum Co. was incorporated with $40,000 capital and planned a building on 4th Street between Warren and Green streets in Davenport.
1939 -- 75 years ago: Plans are being discussed for resurfacing the streets in the entire downtown district of Rock Island.
1964 -- 50 years ago: Some 45 jobs will be created at J.I. Case Co.'s Rock Island plant in a expansion of operations announced yesterday afternoon at the firm's headquarters in Racine, Wis.
1989 -- 25 years ago: Gardeners and farmers cheered, but not all Quad-Citians found joy Saturday as more than an inch of rain fell on the area. Motorists faced dangerous, rain-slick roads as the water activated grease and grime that had built up during dry weather.








(More History)