[nanci2539]

That's the way it works. The bond can be paid off over 30 years with interest of course. Instead of about a 1.5% tax rate you will pay around 2.5%. So lets say your tax would have been 3750 with no bond it would now be around 6250 on a 250,000 house with no exemptions

Sandi, so what you're saying is the tax bill will be almost twice as much on a $250K home? At what interest rate are you carrying the bond?