Santa Monica and Malibu taxpayers will save more than $6 million after the School District refinanced nearly $75 million in general obligation bonds, District officials announced Thursday.

The reduced property tax rate on future tax bills comes as interest rates have dropped to record lows "due to the coronavirus pandemic and overall economic uncertainty," officials said.

Read More: https://www.surfsantamonica.com/ssm_site/the_lookout/news/News-2020/August-2020/08_06_2020_Santa_Monica_Property_Owners_to_See_Lower_Tax_Bills.html