The VD1CFD will appear on your property tax statement from Maricopa County as VERRADO DIST 1 CFD. The GO debt is paid for through the normal property tax process with the county. Payment of the debt service is through collections of an ad valorem property tax levy on properties within the district based upon the assessed valuation. The Maricopa County Assessor determines the assessed value of the property and the Maricopa County Treasurer collects the property tax.
GO Bond Authorization = $100,000,000
|Year||Project Bonds||Refunding Bonds||Bond Documents|
|2003||$24,000,000||2003 GO Bond Issuance|
|2006||$18,600,000||2006 GO Bond Issuance|
|2013||$6,000,000||$20,400,000||2013 GO Bond Issuance|
|2017||$14,055,000||2017 GO Bond Issuance|