FISCAL YEAR JULY 1, 2025 – JUNE 30, 2026
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF PLEASANT VALLEY, WEST VIRGINIA
In accordance with Code § 11-8-14, as amended, the Council proceeded to make an estimate of the amounts necessary to be raised by levy of taxes for the current fiscal year, and does determine and estimate the several amounts to be as follows:
The amount due and the amount that will become due and collectible from every source during the fiscal year INCLUDING THE LEVY OF TAXES, is as follows:
REVENUE SOURCE
Unassigned Fund Balance $ 404,161
Property Taxes – Current Expense 193,338
Gas & Oil Severance Tax 30,000
Excise Tax on Utilities 145,000
Hotel Occupancy Tax 410,000
Fines, Fees, & Court Costs 400
Building Permit Fees 5,000
Franchise Fees 15,000
IRP Fees (Interstate Registration Plan) 265,000
Other Grants 1,500
Video Lottery (LVL) 12,000
Miscellaneous Revenues (provide details on ‘Explanations’ tab) 1000
TOTAL ESTIMATED REVENUE (GENERAL FUND) $ 1,482,399
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ 168,060
Coal Severance Tax 7,000
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $ 175,060
General Coal Severance
Fund Fund
ESTIMATED CURRECT EXPENDITURES
Zoning Board $ 1,100 $ –
Mayor’s Office 5,500 –
City Council 10,000 –
City Clerk’s Office 47,350 –
Police Judge’s Office 5,000 –
City Attorney 25,150 –
City Auditor 3,500 –
Enforcement Agency 20,000 –
Rehabilitation of Property 125,000 50,000
Printing 250 –
Custodial 13,000 –
Regional Development Authority 500 –
Planning & Zoning 2,500 –
Elections 4,000 –
City Hall 175,220 10,000
Contributions/Transfers to Other Funds 5,000 –
Public Grounds 275,000 –
Fire Department 6,000 –
Dog Warden/Humane Society 5,600 –
Fire Hydrants 13,000 –
Streets and Highways 266,000 –
Street Lights 40,000 –
Signs and Signals 15,000 –
Snow Removal 50,000 –
Sidewalks 35,000 20,000
Visitors Bureau 205,000 –
Youth Program 200,000 50,000
Playgrounds 100,000 45,060
Historical Commission 25,000 –
Civic Promotions 11 –
TOTAL ESTIMATED EXPENDITURES $ 1,678,681 $ 175,060
MUNICIPALITY OF PLEASANT VALLEY, WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY 1, 2025 – JUNE 30, 2026
Certificate of Valuation
Assessed Value Levy Taxes
for Tax Purposes Rate/$100 Levied
CLASS I
Personal Property $ 0 3.44 $ 0
Public Utility 0 0
Total Class I $ 0 $ 0
CLASS II
Real Estate $ 111,166,580 6.88 $ 76,483
Personal Property 139,438 96
Total Class II $ 111,306,018 $ 76,579
CLASS IV
Real Estate $ 50,046,990 13.76 $ 68,865
Personal Property 42,992,328 59,157
Public Utility 4,526,380 6,228
Total Class IV $ 97,565,698 $ 134,250
Total Value & Projected Revenue $ 208,871,716 $ 210,829
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 10,541
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 4,006
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $ 196,282
Less Assessor Valuation Fund 1.50% 2,944
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $ 193,3387
MUNICIPALITY OF PLEASANT VALLEY, WEST VIRGINIA
Excess Levy / Levies
FISCAL YEAR JULY 1, 2025 – JUNE 30, 2026
Certificate of Valuation
Assessed Value Levy Taxes
for Tax Purposes Rate/$100 Levied
CLASS I
Personal Property $ 0 0.00 $ 0
Public Utility 0 0
Total Class I $ 0 $ 0
CLASS II
Real Estate $ 111,166,580 0.00 $ 0
Personal Property 139,438 0
Total Class II $ 111,306,018 $ 0
CLASS IV
Real Estate $ 50,046,990 0.00 $ 0
Personal Property 42,992,328 0
Public Utility 4,526,380 0
Total Class IV $ 97,565,698 $ 0
Total Value & Projected Revenue $ 208,871,716 $ 0
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 0
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 0
Net Amount to be Raised by Levy for Budget Purposes $ 0
MUNICIPALITY OF PLEASANT VALLLEY, WEST VIRGINIA
Excess or Bond Levy
FISCAL YEAR JULY 1, 2025 – JUNE 30, 2026
Certificate of Valuation
Assessed Value Levy Taxes
for Tax Purposes Rate/$100 Levied
CLASS I
Personal Property $ 0 0.00 $ 0
Public Utility 0 0
Total Class I $ 0 $ 0
CLASS II
Real Estate $ 11,166,580 0.00 $ 0
Personal Property 139,438 0
Total Class II $ 111,306,018 $ 0
CLASS IV
Real Estate $ 50,046,990 0.00 $ 0
Personal Property 42,992,328 0
Public Utility 4,526,380 0
Total Class IV $ 97,565,698 $ 0
Total Value & Projected Revenue $ 208,871,716 $ 0
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 0
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 0
Net Amount to be Raised by Levy for Budget Purposes $ 0
STATE OF WEST VIRGINIA
COUNTY OF Marion
MUNICIPALITY OF PLEASANT VALLEY
I, Kimberly Korcsmaros, Recording Officer of said municipality, do hereby certify that the foregoing are true copies from the record of the orders made and entered by the council of the said municipality on the 24th day of April, 2025.
/s/ Kimberly Korcsmaros (Signature) City Clerk
(Official Title of Recording Officer)
ID: 864350