Budget - 2019 - Hardwick

USER FRIENDLY BUDGET SECTION - PROPERTY TAX BREAKDOWN

2018 Calendar Year Property Tax Levies - ALL entities levying property taxes

Current Year 2019 Budget

Calendar Year

Calendar Year

% of

Avg Residential

Taxes

Actual/Estimated

Tax Levy

Tax Rate

Tax Levy

Total Levy Taxpayer Impact

Municipal Purpose Tax

0.475

$751,568.00

14.98% 0.00% 0.63% 0.00% 0.00% 24.39% 33.25% 23.75% 1.89% 0.00% 1.10% 0.00%

$1,203.65 Municipal Purpose Tax $0.00 Municipal Library $48.15 Municipal Open Space $0.00 Fire Districts (total levies) $1,961.32 Local School District $2,670.85 Regional School District $0.00 Other Special Districts (total levies)

ACTUAL

$773,521.00

Municipal Library

Municipal Open Space

0.019

$31,633.00

ESTIMATED

$32,000.00

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

Local School District Regional School District

0.774 1.054 0.754 0.061

$1,223,398.00 $1,667,500.00 $1,191,448.75

ESTIMATED ESTIMATED ESTIMATED ESTIMATED

$1,250,000.00 $1,774,000.00 $1,306,000.00

County Purposes County Library

$1,910.64 County Purposes $154.57 County Library

$95,043.62

$97,000.00

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

$0.00 County Board of Health $88.69 County Open Space $0.00 Other County Levies (total)

0.035

$55,062.45

ESTIMATED

$57,000.00

Total (Calendar Year 2018 Budget)

3.172

$5,015,653.82

100.00% $8,037.88 Total ESTIMATED amount to be raised by taxes

$5,289,521.00

Total Taxable Valuation as of

October 1, 2018

$157,307,921.00

Revenue Anticipated, Excluding Tax Levy

704,270.00 1,266,210.00 $4,516,000.00 $5,077,940.00 $211,580.83 $5,289,520.83

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

Budget Appropriations, before Reserve for Uncollected Taxes

$253,401.00

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%

0.475

0.492

3.52%

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 2018

$751,568.00

$773,521.00

2.92% $21,953.00

4,909,559.20 5,020,768.60

Comparison - Impact on Avg. Residential Tax Payment (Municipal Purposes Only) Total Tax Levy, CY 2018

Prior Year

Current Year

% Change (+/-)

$ Change (+/-)

% of Taxes Collected, CY 2018

97.79%

$1,203.65

$1,246.03

3.52%

$42.38

Delinquent Taxes - December 31, 2018

$90,798.64

Sheet UFB-1

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