Financial Information

  • Information on the estimated tax impact and costs associated with LP's Facility Master Plan is provided below. You can also find answers to common questions about the Facility Master Plan by clicking here.
     
     

    What is the projected tax impact of LP's Facility Master Plan?

    Following is the estimated monthly tax impact of a proposed $38 million, 20-year bond measure based on actual home values:

    Actual Home Value

    Est. Monthly Tax Impact

    Est. Yearly Tax Impact

    $100,000

    $11.62

    $139.40

    $150,000

    $18.70

    $224.40

    $200,000

    $25.78

    $309.40

    Click here for an expanded list of estimated tax impact figures.

    If you are not familiar with how property taxes work, here’s a simple example. If your home is valued at $100,000, then the county tax office would divide that number by three and subtract any relevant tax exemptions to determine your home’s net taxable value. You would then multiply your home’s net taxable value by the tax rate to determine your tax payment. In the tax impact estimates above, we calculated the figures assuming the common $6,000 homeowners exemption, but each individual property owner may qualify for different or additional exemptions. To best determine how the LP facility master plan might impact your tax bill, you should speak with your tax preparer.

    You can review your home’s net taxable value by using an online database provided by the LaSalle County Treasurer’s Office. Click here to go to that database.