Measure BB is a 5% Property Tax Increase

Don't be fooled! The Measure BB ballot statement is worded to deliberately obfuscate how much this bond will cost taxpayers. The ballot wording of "5 cents per $100 of assessed value" is really $50 per $100,000 of assessed value --> a 5% increase on our base property taxes for 32 years!

 Doing the math:
Our base Prop 13 property taxes are 1% of assessed value, which is $1,000 in property taxes each year per $100,000 of assessed value. 
Measure BB seeks to add $50 per $100,000 of assessed value.  $50 is 5% of $1,000, therefore, our property taxes would increase by 5% per year for 32 years with Measure BB.  

This is on top of the $82.80 per $100,000 that SCUSD already receives for the 4 existing bonds. When homes are values in the hundreds of thousands to millions of dollars, the ballot statement should be a fair representation of what the bond will really cost taxpayers. Reporting the tax rate in cents per $100 to force residents to 'do the math' to figure out what they will pay is unconscionable.