§ 19726 Bond Redemption Taxation Authority

• •The district needs money to pay back bonds and interest.
• •They get this money by taxing property in the district.
• •This is a law to make sure the money is collected fairly.

Your town builds a new school using borrowed money (bonds).

To pay back the loan, the town adds a small tax to property bills. If you own a house, you pay a little extra each year to help cover the cost.