USER FRIENDLY BUDGET SECTION - PROPERTY TAX BREAKDOWN
| 2024 Calendar Year Property Tax Levies - ALL entities levying property taxes | ||||
|---|---|---|---|---|
| Calendar Year Tax Rate |
Calendar Year Tax Levy |
% of Total Levy |
Avg Residential Taxpayer Impact |
|
| Municipal Purpose Tax | 1.128 | $13,125,605.50 | 28.54% | $3,109.90 |
| Municipal Library | 0.00% | $0.00 | ||
| Municipal Open Space | 0.00% | $0.00 | ||
| Municipal Arts and Culture | 0.00% | $0.00 | ||
| Fire Districts (avg. rate/total levies) | 0.00% | $0.00 | ||
| Other Special Districts (total levies) | 0.00% | $0.00 | ||
| Local School District | 2.309 | $26,863,089.00 | 58.41% | $6,365.91 |
| Regional School District | 0.00% | $0.00 | ||
| County Purposes | 0.416 | $4,835,760.09 | 10.51% | $1,146.91 |
| County Library | 0.057 | $663,279.34 | 1.44% | $157.15 |
| County Board of Health | 0.00% | $0.00 | ||
| County Open Space | 0.043 | $502,753.98 | 1.09% | $118.55 |
| Other County Levies (total) | 0.00% | $0.00 | ||
| Total (Calendar Year 2024 Budget) | 3.953 | $45,990,487.91 | 100.00% | $10,898.42 |
| Total Taxable Valuation as of | October 1, 2024 |
$1,164,877,600.00
|
| (To be used to calculate the current year tax rate) | ||
| Current Year (2025) Average Residential Assessment |
$276,214.00
|
|
| Prior Year (2024) Average Residential Assessment |
$275,700.00
|
|
Prior Year to Current Year Comparison
Comparison - Municipal Purposes Tax Rate
| Prior Year | Current Year | % Change (+/-) |
|---|---|---|
| 1.128 | 1.138 | 0.89% |
Comparison - Municipal Purposes Tax Levy
| Prior Year | Current Year | % Change (+/-) | $ Change (+/-) |
|---|---|---|---|
| $13,125,605.50 | $13,254,000.00 | 0.98% | $128,394.50 |
Comparison - Impact on Avg. Residential Tax Payment (Municipal Purposes Only)
| Prior Year | Current Year | % Change (+/-) | $ Change (+/-) |
|---|---|---|---|
| $3,109.90 | $3,143.32 | 1.07% | $33.42 |
| Current Year 2025 Budget | ||
|---|---|---|
| Taxes | Actual/Estimated | Tax Levy |
| Municipal Purpose Tax | ESTIMATED | $13,254,000.00 |
| Municipal Library | ||
| Municipal Open Space | ||
| Municipal Arts and Culture | ||
| Fire Districts (total levies) | ||
| Other Special Districts (total levies) | ||
| Local School District | ESTIMATED | $27,534,666.23 |
| Regional School District | ||
| County Purposes | ESTIMATED | $4,957,759.04 |
| County Library | ESTIMATED | $679,861.32 |
| County Board of Health | ||
| County Open Space | ESTIMATED | $515,322.83 |
| Other County Levies (total) | ||
| Total ESTIMATED amount to be raised by taxes | $46,941,609.42 | |
| Revenue Anticipated, Excluding Tax Levy |
15,001,131.51
|
| Budget Appropriations, before Reserve for Uncollected Taxes |
26,355,131.51
|
| Total Non-Municipal Tax Levy |
$33,687,609.42
|
| Amount to be Raised by Taxes - Before RUT |
$45,041,609.42
|
| Reserve for Uncollected Taxes (RUT) |
$1,900,000.00
|
| Total Amount to be Raised by Taxes |
$46,941,609.42
|
| % of Tax Collections used to Calculate RUT |
95.95%
|
|
If % used exceeds the actual collection % then reference the statutory exception used |
Tax Collections - ACTUAL as of Prior Year
| Total Tax Revenue, Collections CY 2024 |
46,496,231.21
|
| Total Tax Levy, CY 2024 |
47,025,967.19
|
| % of Taxes Collected, CY 2024 |
98.87%
|
| Delinquent Taxes - December 31, 2024 |
$451,318.94
|