Residents of the West Bank subdivision of Stonebridge approved a 45-mill tax that will allow residents to purchase its 27-hole golf course.
Voters in the neighborhood of about 900 homes approved the 20-year tax 54 percent to 46 percent. In three precincts, 577 residents voted for the proposal, while 490 voted against it.
The initiative was designed to allow the neighborhood to maintain property values by giving it control over the 189-acre course, which could be redeveloped when its covenants expire in mid-2019.
Homeowners who opposed the tax have said they hadn't been given any options for the property besides keeping it as a golf course. They say it amounted to having the residents who don’t live around the course subsidizing those who do.
The tax will generate about $949,000 per year.
The neighborhood's minimum house size is 2,500 square feet, and many homes are far larger. The owner of a $300,000 house with a homestead exemption would pay an additional $1,012 per year in taxes. For a property worth $500,000, the cost would be $1,912 annually. If the home is worth $700,000, the owner would pay another $2,812 per year.
The tax will be levied by the Stonebridge Neighborhood Improvement and Beautification District, a political subdivision created in 2016 with the golf-course purchase in mind.
With just a week to go before voters in the Stonebridge neighborhood cast ballots on a whopping 45-mill tax that would fund the purchase of th…