FISCAL YEAR JULY 1, 2024 – JUNE 30, 2025
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF TOWN OF HARMAN, WEST VIRGINIA
In accordance with Code Section 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:
General Coal
Fund Severance
REVENUE SOURCE
Assigned Fund Balance 1,378 2,516
Property Taxes – Current Expense 15,971
Tax Loss Restoration 182
Gas & Oil Severance Tax 552
Excise Tax on Utilities 1,027
Wine, Liquor and Private Club Tax 293
Building Permits 260
IRP Fees (Interstate Registration Plan) 9,341
Gaming Income 11,267
Video Lottery (LVL) 524
Coal Severance Tax – 209
TOTAL ESTIMATED REVENUE 40,795 2,725
ESTIMATED CURRENT EXPENDITURES
Regional Development Authority 150
City Hall 40,645 2,725
TOTAL ESTIMATED EXPENDITURES 40,795 2,725
MUNICIPALITY OF TOWN OF HARMAN, WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY 1, 2024 – JUNE 30, 2025
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 1,417,480 25.00 3,544
Personal Property 75,996 190
TOTAL CLASS II 1,493,476 3,734
CLASS IV
Real Estate 1,332,310 50.00 6,662
Personal Property 991,661 4,958
Public Utility 430,274 2,151
TOTAL CLASS IV 2,754,245 13,771
TOTAL VALUE & PROJECTED REVENUE 4,247,721 17,505
Less Delinquencies, Exonerations & Uncollectable Taxes 5.00% 875
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 333
Less Allowance for Tax Increment Financing (if Applicable) 0
TOTAL PROJECTED PROPERTY TAX COLLECTION 16,297
Less Assessor Valuation Fund 2.00% 326
(Subtracted from regular current expense taxes levied only)
NET AMOUNT TO BE RAISED BY LEVY PROPERTY TAXES 15,971
STATE OF WEST VIRGINIA
COUNTY OF RANDOLPH
MUNICIPALITY OF HARMAN
I, Patty Teter, 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 29th day of March, 2024.
4/9, 4/16