Building a better community every day!
In December, the Tukwila School District took advantage of the very low interest rate environment and refinanced the majority of its bonds at a much lower interest rate which will save the district taxpayers $831,000 over the next 5 years. This amounts to a savings of about $.30/$1000 of assessed value over the next 5 years. For a homeowner with a home with an assessed value of $200,000 that will be about $60 or about $12 per year. These bonds were originally issued to fund school construction and remodeling in the district. The bonds will be fully paid off in 2017.
Happy New Year to all the tax payers that support the Tukwila School District!
Tukwila School Board Director