Originally Posted by
WNYresident
Just think... over a short 10 year period with only a 3.7% increase after 10 years you are paying over 37% more. Adds up fast. It's actually more because you need to take into account a 3.7% increase of the previous 3.7% increase.
Hey it's only 3.7%...
If you school taxes are $5000 over 10 years they will be $7,190.47. Here is where the BS starts. You'll have people in "government" starting to point out "unfair pricing" for like Cable TV or Gas yet ignore what we are "charged" for services when it's lining their pockets.
Over 10 years
$5,000.00 3.70% $5,185.00
$5,185.00 3.70% $5,376.85
$5,376.85 3.70% $5,575.79
$5,575.79 3.70% $5,782.09
$5,782.09 3.70% $5,996.03
$5,996.03 3.70% $6,217.88
$6,217.88 3.70% $6,447.94
$6,447.94 3.70% $6,686.52
$6,686.52 3.70% $6,933.92
$6,933.92 3.70% $7,190.47