NOTICE OF PROPOSED TAX INCREASE
The Wyoming 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 year’s total assessed value of property by 4.73%
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 property, would be:
Lowered Tax Rates
Class I 14.01 ¢
Class II 28.02 ¢
Class III 56.04 ¢
Class IV 56.04 ¢
3 Effective Rate Increase:
The Wyoming County Commission proposes to adopt a tax rate per $100 of assessed value on eachbclass of property as follows:
Proposed
Effective Tax Percentage of
Rate Rate Increase Increase
Class I 14.30¢ 0.29¢ 2%
Class II 28.60¢ 0.58¢ 2%
Class III 57.20¢ 1.16¢ 2%
Class IV 57.20¢ 1.16¢ 2%
Individual property taxes may, however, increase at a percentage greater than or less than the above percentage.
4 Revenue produced last year: $3,992,193
5 Revenue projected under the effective rate
increases: $92,339
6 Revenue projected from new property or
improvements: $356,306
7 General areas in which revenue is to be allocated: Operation of
transfer stations and Courthouse
A public hearing on the increases will be held on March 28, 2023, 10:00 AM at Commission Chambers, 911 Cedar Ave., Pineville, WV
The decision regarding the increase will be made on March 28, 2023, 10:00 AM at Commission Chambers, 911 Cedar Ave., Pineville, WV