Braxton

SCHEDULE OF PROPOSED LEVY RATES — BRAXTON COUNTY BOARD OF EDUCATION

SCHEDULE OF PROPOSED LEVY RATES

BRAXTON COUNTY BOARD OF EDUCATION

For the Fiscal Year Ended June 30, 2025

The following is a true copy from the record of order entered by BRAXTON COUNTY BOARD OF EDUCATION on the 26th day of March 2024.

 

Column E                               Current Expense Levy                          Bond Levy

Certification of Valuation              Levy                        Taxes                      Levy               Taxes                               Assessed Value for Tax Purposes       Rate/$100               Levied                     Rate/$100     Levied

Class I

Personal Property $-                                                      19.40                       $-                             4.50                  

Public Utilities                                                                                                                                                    

Total Class I                                                                                                                                                        

Class II

Real Estate             $283,808,080                                  38.80                       1,101,175                  8.02            255,995

Personal Property 4,753,596                                                                        18,444                                           4,288

Total Class II          288,561,676                                                                  1,119,619                                      260,283

Class III

Real Estate             130,955,760                                   77.60                   1,016,527                                         236,316

Personal Property 208,412,230                                                               1,617,279                                         375,976

Public Utilities        107,855,725                                                              836,960                                           194,572

Total Class III         447,263,715                                                              3,470,766                                         806,864

CLASS IV

Real Estate             26,604,770                                  77.60                       206,453                   18.04             47,955

Personal Property 14,136,749                                                                   109,701                                        25,503

Public Utilities        23,410,617                                                                  181,666                                        42,233

Total Class IV        64,152,136                                                                    497,820                                      115,731

 

Total Assessed Valuation and Projected Gross

Tax Collections     $799,977,527                                                        $5,088,205                                                              $1,182,878

Less Allowance for Uncollectables, Exonerations,

and Delinquencies                                                 5.00%                      (254,410)                   0.29%              3,478

Less Allowance for Tax Discounts                          2.00%                      (96,676)

Less Allowance for Tax Increment Financing – see worksheet

(Subtracted from regular current expense tax levy only)                                 

Net Projected Tax Collections, before allowance for Assessor’s Valuation Fund          4,737,119

Less – Allowance for Assessor’s Valuation Fund                               2.00%                      (94,742)

(Subtracted from regular current expense tax levy only)

Projected Net Taxes to be Collected                                                  $4,642,377                                              $1,179,400

 

SIGNED THIS 26TH DAY OF MARCH, 2024, BY Dr. Donna Burge-Tetrick, Secretary of the Board of Education

Dr. Donna Burge-Tetrick – Original Signed