Budget - 2017- Hardwick

USER FRIENDLY BUDGET SECTION - PROPERTY TAX BREAKDOWN

2016 Calendar Year Property Tax Levies - ALL entities levying property taxes

Current Year 2017 Budget

Calendar Year

Calendar Year

% of

Avg Residential

Taxes

Actual/Estimated

Tax Levy

Tax Rate

Tax Levy

Total Levy Taxpayer Impact

Municipal Purpose Tax Municipal Library Municipal Open Space

0.427

$675,269.00

13.82% 0.00% 0.98% 0.00% 0.00% 19.66% 36.62% 25.42% 2.00% 0.00% 1.51% 0.00%

$1,086.81 Municipal Purpose Tax $0.00 Municipal Library $76.36 Municipal Open Space $0.00 Fire Districts (total levies) $1,550.05 Local School District $2,881.20 Regional School District $2,003.10 County Purposes $0.00 County Board of Health $119.63 County Open Space $0.00 Other County Levies (total) $0.00 Other Special Districts (total levies) $157.80 County Library

ACTUAL

$726,943.00

0.030

$47,700.00

ESTIMATED

$47,700.00

Fire Districts (avg. rate/total levies) Other Special Districts (total levies)

Local School District Regional School District

0.609 1.132 0.787 0.062

$960,968.00 $1,789,603.00 $1,242,205.46 $97,538.45

ESTIMATED ESTIMATED ESTIMATED ESTIMATED

$1,000,000.00 $1,790,000.00 $1,287,000.00 $98,000.00

County Purposes County Library

County Board of Health County Open Space Other County Levies (total)

0.047

$74,024.33

ESTIMATED

$75,000.00

Total (Calendar Year 2016 Budget)

3.094

$4,887,308.24

100.00% $7,874.94 Total ESTIMATED amount to be raised by taxes

$5,024,643.00

Total Taxable Valuation as of

October 1, 2016

$157,394,511.00

Revenue Anticipated, Excluding Tax Levy

510,161.00 1,036,118.00 $4,297,700.00 $4,823,657.00 $200,985.71 $5,024,642.71

(To be used to calculate the current year tax rate) Current Year Average Residential Assessment

Budget Appropriations, before Reserve for Uncollected Taxes

$254,523.00

Total Non-Municipal Tax Levy

Amount to be Raised by Taxes - Before RUT Reserve for Uncollected Taxes (RUT) Total Amount to be Raised by Taxes

Prior Year to Current Year Comparison

Comparison - Municipal Purposes Tax Rate Prior Year Current Year

% Change (+/-)

% of Tax Collections used to Calculate RUT

96.00%

0.427

0.462

8.17%

If % used exceeds the actual collection % then

Comparison - Municipal Purposes Tax Levy

reference the statutory exception used

Prior Year

Current Year

% Change (+/-)

$ Change (+/-)

Tax Collections - ACTUAL as of Prior Year Total Tax Revenue, Collections CY 2016

$675,269.00

$726,943.00

7.65% $51,674.00

4,794,419.27 4,888,262.53

Comparison - Impact on Avg. Residential Tax Payment (Municipal Purposes Only) Total Tax Levy, CY 2016

Prior Year

Current Year

% Change (+/-)

$ Change (+/-)

% of Taxes Collected, CY 2016

98.08%

$1,086.81

$1,175.64

8.17%

$88.83

Delinquent Taxes - December 31, 2016

$83,089.33

Sheet UFB-1

Made with