FISCAL YEAR JULY 1, 2021 – JUNE 30, 2022
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
Fund
REVENUE SOURCE
Unassigned Fund Balance 563 –
Property Taxes – Current Expense 11,656 –
Tax Loss Restoration 150 –
Gas & Oil Severance Tax 300 –
Excise Tax on Utilities 1,300 –
Wine, Liquor and Private Club Tax 130 –
License 325 – IRP Fees (Interstate Registration Plan) 6,883 –
Gaming Income 10,292 –
Video Lottery (LVL) 400 –
TOTAL ESTIMATED REVENUE 31,999 –
COAL SEVERANCE TAX FUND
REVENUE SOURCE
Assigned Fund Balance $ 858
Coal Severance Tax 340
TOTAL ESTIMATED REVENUE $ 1,198
(COAL SEVERANCE FUND)
ESTIMATED CURRENT EXPENDITURES
Regional Development Authority 175 –
Elections 1,200 –
City Hall 14,457 1,198
Water/Sewer 16,167 –
TOTAL ESTIMATED EXPENDITURES 31,999 1,198
MUNICIPALITY OF TOWN OF HARMAN, WEST VIRGINIA
Regular Current Expense Levy
FISCAL YEAR JULY 1, 2021 – JUNE 30, 2022
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 0
TOTAL CLASS I 0 0
CLASS II
Real Estate 1,274,240 25.00 3,185
Personal Property 8,285 21
TOTAL CLASS II 1,282,525 3,207
CLASS IV
Real Estate 958,550 50.00 4,793
Personal Property 590,498 2,952
Public Utility 364,826 1,824
TOTAL CLASS IV 1,913,874 9,569
TOTAL VALUE &
PROJECTED REVENUE 3,196,400 12,776
Less Delinquencies, Exonerations &
Uncollectable Taxes 5.00% 639
Less Tax Discounts (use Total Projected
Revenue to calculate) 2.00% 243
Less Allowance for Tax Increment
Financing (if Applicable) 0
TOTAL PROJECTED PROPERTY TAX COLLECTION 11,894
Less Assessor Valuation Fund 2.00% 238
(Subtracted from regular current expense taxes levied only)
NET AMOUNT TO BE RAISED BY LEVY
PROPERTY TAXES 11,656
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 28th day of March, 2021.
Patty Teter
Recording Officer
4-6, 4-13