Uncategorized

Notice of Proposed Tax Increase

NOTICE OF PROPOSED TAX INCREASE
The Municipality of MONONGAH proposes to increase property tax levies.
1. Appraisal/Assessment Increases: Total assessed Value of property, excluding additional assessments due to new or improved property, exceeds last year’s total assessed value of property by -8.49{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} percent
2. Lowered Rate necessary to Offset Increased Assessment: 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 10.05 cents
Class II 20.10 cents
Class III 40.20 cents
Class IV 40.20 cents
3. Effective Rate Increases: The MONONGAH proposes to adopt a tax rate per $100 of assessed value on each class of property as follows:
Proposed Effective Tax Percentage of
Rate Increase
Class I 10.93 cent 0.88 cent 9{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c}
Class II 21.86 cent 1.76 cent 9{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c}
Class III 43.72 cent 3.52 cent 9{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c}
Class IV 43.72 cent 3.52 cent 9{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c}
Individual property taxes may, however, increase at a percentage greater than or less than the above percentage.
4. Revenue produced last year: $65,916
5. Revenue Projected under
the effective rate increases: $6,035
6. Revenue projected from
new property or improvements: $1,555
7. General areas in Which
revenue is to be allocated: Street Dept. (Paving & Snow Removal)
A public hearing on the increases will be held on 27-Mar-17 at Monongah Town Hall. The decision regarding the increase will be made on 27- Mar -17 at Monongah Town Hall
CERTIFICATION OF PUBLIC NOTICE AND HEARING
DATE: March 27, 2017
STATE OF WEST VIRGINIA
MUNICIPALITY OF MONONGAH
I, Patty McCombs, Recording Officer of said municipality, of said County, do hereby certify that notice was made regarding the public hearing on a proposed tax increase and that the information provided on the levy page is in compliance with W. Va. Code §§ 11-8-6e.
Patty McCombs
Recorder of City Clerk
Monongah
Municipality
Times: March 13, 20, 2017