What will Props I+N cost me?

Affton HomeThese proposals would cost the median home owner of a $139,000 house approximately $4.42 per week. That’s about $19.15 per month. With a $200,000 house, the cost of these propositions is only $0.90 a day — that’s less than the cost of a daily newspaper. In addition, property taxes are deductible on income tax returns. For most homeowners, then, the actual daily cost could be even less.

The following chart illustrates the impact these propositions would have on property tax bills:

Home Value      Annual Cost      Monthly Cost      Weekly Cost      Daily Cost
$100,000           $165.30                    $13.77                           $3.18                         $0.45
$139,000            $229.77                    $19.15                           $4.42                          $0.63
$200,000          $330.60                  $27.55                         $6.36                          $0.90