How much will this bond issue cost a residential property owner annually?

How much will this bond issue cost a residential property owner annually?

A:

The cost to homeowners for the $395 million bond will be $2.64 per month for each $100,000 of home value, or $31.68 annually. Based on the price of the average home in Greeley, most homeowners will pay about $100 a year to fund this bond issue. 

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