Budget - Hardwick - 2016

USER FRIENDLY BUDGET SECTION - PROPERTY TAX BREAKDOWN

2015 Calendar Year Property Tax Levies - ALL entities levying property taxes

Current Year 2016 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

0.387

$615,993.00

12.67% 0.00% 0.98% 0.00% 0.00% 23.07% 33.37% 26.37% 2.06% 0.00% 1.48% 0.00%

$985.00 Municipal Purpose Tax $0.00 Municipal Library $73.81 Municipal Open Space $0.00 Fire Districts (total levies) $1,794.39 Local School District $2,593.59 Regional School District $2,051.46 County Purposes $0.00 County Board of Health $117.08 County Open Space $0.00 Other County Levies (total) $0.00 Other Special Districts (total levies) $160.35 County Library

ACTUAL

$675,256.00

0.029

$47,500.00

ESTIMATED

$47,700.00

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

Local School District Regional School District

0.705 1.019 0.806 0.063

$1,121,395.00 $1,622,466.00 $1,282,083.66 $100,099.48

ESTIMATED ESTIMATED ESTIMATED ESTIMATED

$1,200,000.00 $1,650,000.00 $1,285,000.00 $101,000.00

County Purposes County Library

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

0.046

$71,884.91

ESTIMATED

$74,000.00

Total (Calendar Year 2015 Budget)

3.055

$4,861,422.05

100.00% $7,775.68 Total ESTIMATED amount to be raised by taxes

$5,032,956.00

Total Taxable Valuation as of

October 1, 2015

$157,965,094.00

Revenue Anticipated, Excluding Tax Levy

530,325.00 1,004,275.00 $4,357,700.00 $4,831,650.00 $201,318.75 $5,032,968.75

(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%

0.387

0.427

10.46%

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 2015

$615,993.00

$675,256.00

9.62% $59,263.00

4,729,659.63 4,868,155.92

Comparison - Impact on Avg. Residential Tax Payment (Municipal Purposes Only) Total Tax Levy, CY 2015

Prior Year

Current Year

% Change (+/-)

$ Change (+/-)

% of Taxes Collected, CY 2015

97.16%

$985.00

$1,088.03

10.46%

$103.03

Delinquent Taxes - December 31, 2015

$129,242.79

Sheet UFB-1

Made with