Milford -- BUDGET - 2018

USER FRIENDLY BUDGET SECTION - PROPERTY TAX BREAKDOWN

Current Year 2018 Budget

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

Calendar Year

Calendar Year

% of

Avg Residential

Taxes

Actual/Estimated

Tax Levy

Tax Rate

Tax Levy

Total Levy Taxpayer Impact

Municipal Purpose Tax

0.696 0.034 0.000 0.000 0.000 1.678 0.774 0.326 0.000 0.000 0.032 0.000

$801,946.00

19.67% 0.95% 0.00% 0.00% 0.00% 47.38% 21.86% 9.24% 0.00% 0.00% 0.90% 0.00%

$1,630.30 Municipal Purpose Tax

ESTIMATED ESTIMATED

$815,851.00

Municipal Library

$38,822.00

$79.64 Municipal Library

$39,677.00

Municipal Open Space

$0.00 $0.00 $0.00

$0.00 Municipal Open Space

ACTUAL ACTUAL ACTUAL

$0.00 $0.00 $0.00

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

$0.00 Fire Districts (total levies)

$0.00 Other Special Districts (total levies)

Local School District

$1,931,752.00 $891,163.00 $376,535.41

$3,930.51 Local School District

ESTIMATED ESTIMATED ESTIMATED

$1,939,200.00 $785,850.00 $386,514.00

Regional School District

$1,813.00 Regional School District

County Purposes

$763.62 County Purposes

County Library

$0.00 $0.00

$0.00 County Library

ACTUAL ACTUAL

$0.00 $0.00

County Board of Health

$0.00 County Board of Health

County Open Space

$36,662.00

$74.96 County Open Space

ESTIMATED

$36,821.00

Other County Levies (total)

$0.00

$0.00 Other County Levies (total)

ACTUAL

$0.00

Total (Calendar Year 2017 Budget)

3.540

$4,076,880.41

100.00% $8,292.03 Total ESTIMATED amount to be raised by taxes

$4,003,913.00

Total Taxable Valuation as of

October 1, 2017

$115,180,712.00

Revenue Anticipated, Excluding Tax Levy

589,897.42

(To be used to calculate the current year tax rate)

Budget Appropriations, before Reserve for Uncollected Taxes

1,320,697.42 $3,148,385.00 $3,879,185.00 $106,825.07 $3,986,010.07

Current Year Average Residential Assessment

$234,238.00

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

97.32%

0.696

0.706

1.36%

If % used exceeds the actual collection % then

reference the statutory exception used

Comparison - Municipal Purposes Tax Levy

Prior Year

Current Year

% Change (+/-)

$ Change (+/-)

$801,946.00

$815,851.00

1.73% $13,905.00

Tax Collections - ACTUAL as of Prior Year Total Tax Revenue, Collections CY 2017

3,988,861.15 4,089,464.77

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

97.54%

$1,630.30

$1,652.55

1.36%

$22.25

Delinquent Taxes - December 31, 2017

$100,603.62

Sheet UFB-1

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