FISCAL YEAR JULY 1, 2026 – JUNE 30, 2027
LEVY ESTIMATE – BUDGET DOCUMENT
STATE OF WEST VIRGINIA
MUNICIPALITY OF MONTROSE, 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:
REVENUE SOURCE
Unassigned Fund Balance 98,000
Property Taxes – Current Expense 11,489
Tax Loss Restoration 150
Gas & Oil Severance Tax 1,000
Excise Tax on Utilities 2,200
Franchise Fees 1,500
IRP Fees (Interstate Registration Plan) 8,000
Gaming Income 10,500
Refunds 40
Video Lottery (LVL) 600
Proceeds from Sale of Bonds –
Miscellaneous Revenues (provide details on ‘Explanations’ tab) –
TOTAL ESTIMATED REVENUE (GENERAL FUND) $133,479
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance (Coal Fund Only) $ 900
Coal Severance Tax 400
Interest Earned on Investment
Reimbursements
Refunds
TOTAL ESTIMATED REVENUE (COAL SEVERANCE FUND) $1,300
MUNICIPALITY OF MONTROSE, WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY 1, 2026 – JUNE 30, 2027
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 $ 25.00 0
Personal Property 2,754,672 6.887
Total Class II 2,754,672 $ 6,887
CLASS IV
Real Estate $370,990 50.00 $1,855
Personal Property 369,932 1,850
Public Utility 454,094 2.270
Total Class IV $1,195,016 $5,975
Total Value & Projected Revenue $3,949,688 $12.862
Less Delinquencies, Exonerations & Uncollectable Taxes 7.00% 900
Less Tax Discounts (use Total Projected Revenue to calculate) 2.00% 239
Less Allowance for Tax Increment Financing (if Applicable) 0
Total Projected Property Tax Collection $11,723
Less Assessor Valuation Fund 2.00% 234
(Subtracted from regular current expense taxes levied only)
Net Amount to be Raised by Levy of Property Taxes $11,489
STATE OF WEST VIRGINIA
COUNTY OF Randolph
MUNICIPALITY OF MONTROSE
I, Sharon Bedford, 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 19th day of March, 2026.
Sharon Bedford
Recorder
Elkins Mar 25 & Apr 1, 2026