Budget - 2018 - Hardwick

USER FRIENDLY BUDGET SECTION - PROPERTY TAX BREAKDOWN

2017 Calendar Year Property Tax Levies - ALL entities levying property taxes

Current Year 2018 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

0.462

$726,943.00

14.48% 0.00% 0.31% 0.00% 0.00% 23.07% 34.09% 24.64% 1.93% 0.00% 1.47% 0.00%

$1,165.29 Municipal Purpose Tax $0.00 Municipal Library $25.23 Municipal Open Space $0.00 Fire Districts (total levies) $1,856.66 Local School District $2,742.77 Regional School District $1,982.69 County Purposes $0.00 County Board of Health $118.35 County Open Space $0.00 Other County Levies (total) $0.00 Other Special Districts (total levies) $155.32 County Library

ACTUAL

$751,568.00

0.010

$15,739.00

ESTIMATED

$32,000.00

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

Local School District Regional School District

0.736 1.087 0.786 0.062

$1,158,241.00 $1,711,018.00 $1,236,859.97 $96,890.33

ESTIMATED ESTIMATED ESTIMATED ESTIMATED

$1,200,000.00 $1,774,000.00 $1,289,000.00 $97,000.00

County Purposes County Library

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

0.047

$73,831.52

ESTIMATED

$74,000.00

Total (Calendar Year 2017 Budget)

3.190

$5,019,522.82

100.00% $8,046.31 Total ESTIMATED amount to be raised by taxes

$5,217,568.00

Total Taxable Valuation as of

October 1, 2017

$158,166,106.00

Revenue Anticipated, Excluding Tax Levy

477,229.00 1,020,094.00 $4,466,000.00 $5,008,865.00 $208,702.71 $5,217,567.71

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

Budget Appropriations, before Reserve for Uncollected Taxes

$252,304.00

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%

0.462

0.475

2.81%

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 2017

$726,943.00

$751,568.00

3.39% $24,625.00

4,964,465.09 5,059,631.89

Comparison - Impact on Avg. Residential Tax Payment (Municipal Purposes Only) Total Tax Levy, CY 2017

Prior Year

Current Year

% Change (+/-)

$ Change (+/-)

% of Taxes Collected, CY 2017

98.12%

$1,165.29

$1,198.44

2.85%

$33.15

Delinquent Taxes - December 31, 2017

$92,158.19

Sheet UFB-1

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