How much will the debt exclusion increase my taxes?

The estimated annual impact of the debt exclusion is $1.07 per $1,000 of assessed property value. It is estimated that the annual impact of the debt exclusion on the FY 2023 average single family residence in Amherst, valued at $446,953, is $478.24 ($446,953 / $1,000 X $1.07). These estimates are based on current economic conditions and are, of course, subject to change if economic conditions, such as interest rates, change.


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1. What is Proposition 2 ½ and what is a Debt Exclusion?
2. What are we voting for?
3. When is the election?
4. How much will the debt exclusion increase my taxes?
5. When will I start to see higher taxes and when will it end?
6. What will happen if the debt exclusion does not pass?
7. Can the Town use the additional funding from the debt exclusion for anything other than repaying the money borrowed to build the new elementary school?