NOTICE OF PROPOSED TAX INCREASE
The Summers County Commission proposes to increase property tax levies.
1. Appraisal/Assessment Increase:
Total assessed value of property, excluding additional assessments due to new or improved
property, exceeds last years total assessed value of property by 564%
2. Lowered Rate necessary to Offset Increased Assessment:
The tax rate which would levy the same amount of property tax as last year, when multiplied by the
new total assessed value of property with the exclusions mentioned above, per $100 of assessed
value on each class of propertx-. would be:
Lowered Tax Rates
Class 1 13.88 ¢
Class II 27.76 ¢
Class Ill 55.52 ¢
Class IV 55.52 ¢
3. Effective Rate Increase:
The Summers County Commission proposes to adopt a tax rate per $100 of assessed value on each
class of property as follows:
Proposed
Effective Tax Percentage of
Rate Rate Increase Increase
Class I 14.30 ¢ 0.42 ¢ 3%
Class II 28.60 ¢ 0.84 ¢ 3%
Class III 57.20 ¢ 1.68 ¢ 3%
Class IV 57.20 ¢ 1.68 ¢ 3%
Individual property taxes may. however, increase at a percentage greater than or less than the above
percentage.
4. Revenue produced last year: $2,471,190
5. Revenue projected under the effective rate increases: $77,029
6. Revenue projected from new property or improvements:
7. General areas in which revenue is to be allocated: improvements to county facilities and increase in regional jail bill fees
A public hearing on the increases will be held on
March 23, 2022 at 10:00 am. at 120 Ballengee Street, Suite 203. Hinton, WV 25951
(Date and Time) (Place)
the decision regarding the increase will be made on
March 23, 2022 at 10:00 am. at 120 Ballengee Street, Suite 203, 1-linton, WV 25951
(Date and Time) (Place)