FISCAL YEAR JULY 1, 2025 JUNE 30, 2026
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF GRANT TOWN, 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 or 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 40,000
Property Taxes – Current Expense 53,870
Gas & Oil Severance Tax 5,000
Excise Tax on Utilities 19,000
Business and Occupation Tax 15,000
Animal Control Tax 35
Fines, Fees and Court Costs 500
Licenses 25
Franchise Fees 800
IRP Fees (Interstate Registration Plan) 5,000
Rents, Royalties, and Concessions 6,000
Police Protection Fees 7,200
Fire Protection Fees 4,800
Contributions from Other Entities 66,000
Gaming Income 13,000
Capital Lease Revenues 9,600
Video Lottery (LVL) 3,000
TOTAL ESTIMATED REVENUE
(GENERAL FUND) $248,830
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ 3,000
Coal Severance Tax 1,200
TOTAL ESTIMATED REVENUE
(COAL SEVERANCE FUND) $ 4,200
General Coal Severance
Fund Fund
ESTIMATED CURRENT EXPENDITURES
Economic Development $ 200 –
Mayor’s Office 900 –
City Council 500 –
Recorder’s Office 1,800 –
Treasurer’s Office 420 –
Police Judge’s Office 900 –
City Attorney 2,500 –
City Auditor 8,600 500
Acquisition of Property 10,740
Regional Development Authority 250 –
Building Inspection 3,600 –
City Hall 70,000 –
Police Department 40,000 –
Fire Hydrants 1,620 –
Streets and Highways 54,000 –
Street Lights 15,000 –
Signs and Signals 500 –
Snow Removal 2,500 –
Street Construction 25,000 3,700
Parks & Recreation 5,000 –
TOTAL ESTIMATED EXPENDITURES $248,830 $4,200
MUNICIPALITY OF GRANT TOWN, 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 12.50 0
Public Utility 0 0
Total Class I 0 0
CLASS II
Real Estate $9,395,860 25.00 $23,490
Personal Property 0 0
Total Class II $9,395,860 $23,490
CLASS IV
Real Estate $1,731,940 50.00 $8,660
Personal Property 1,408,134 7,041
Public Utility 3,970,343 19,852
Total Class IV $7,110,417 $35,553
Total Value &
Projected Revenue $16,506,277 $59,043
Less Delinquencies, Exonerations
& Uncollectable Taxes 5.00% 2,952
Less Tax Discounts
(use Total Projected Revenue to calculate) 2.00% 1,122
Total Projected Property Tax Collection $54,969
Less Assessor Valuation Fund
(Subtracted from regular current expense taxes levied only
2.00% 1,099
Net Amount to be Raised by
Levy of Property Taxes $53,870
State of West Virginia
County of Marion
Municipality of Grant Town
I, Melanie Thompson, 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 17th day March 2025.
/s/ Melanie Thompson
Recorder
ID: 861488