Your cost: $248 ($62 per quarter)
The override is a permanent addition to the tax levy. It has the potential to grow over time if the town keeps increasing the levy by 2.5%, the maximum allowed under Proposition 2 1/2, as it generally tends to do. Given that, here is the most the cost to you could grow for the next 10 years.
Year 1
$248
Year 2
$254
Year 3
$260
Year 4
$267
Year 5
$273
Year 6
$280
Year 7
$287
Year 8
$294
Year 9
$302
Year 10
$309