Property Tax Information
General Obligation Bonds
A general obligation (GO) bond is a voter-approved loan (the bond) to a local or state government in order to build, improve, repair, remodel and/or equip its facilities. For school GOs, the repayment of the bond is made through an annual assessment on properties within the district and repaid by the district’s taxpayers, not by the district itself.
In March 2021, Palm Springs Unified School District (PSUSD) sold $118 million in General Obligation Bonds (GO Bonds, bonds) that were reauthorized by PSUSD voters in an election held on November 8, 2016. In the official tax rate statement that accompanied the Board of Education resolution on the sale of these bonds, the tax rate that would be required to be levied to fund these bonds during the first fiscal year after the last sale of the bonds (which would be this tax year (2021-2022)) would be $0.0478 per $100,000 of assessed valuation of your property. This increase would be in addition to the existing property taxes currently being paid by PSUSD property owners that were approved by PSUSD voters in elections held on November 7, 2000, November 2, 2004, and February 5, 2008.