2017-03-15 / Sports

School board proposes keeping levy rates steady

by Kate Evans

The Morgan County School Board approved adopting the same proposed regular state school levy and special levy rates for Fiscal Year 2018 that they approved for the last three fiscal years.

The school board’s action occurred at a March 7 special meeting that followed their regular March 7 board meeting that took place at Berkeley Springs High School at 6 p.m.

Tax rates

The proposed special levy or excess levy tax rates that were approved are as follows:

Class I properties—16.08 cents per $100 of assessed value; Class II—32.16 cents; and Class III and Class IV— 64.32 cents per $100 of assessed value.

Owner-occupied homes in Morgan County are considered Class II properties.

School regular levy or current expense levy tax rates set by the state that were also approved that evening are:

Class I—19.4 cents per $100 of assessed value; Class II—38.8 cents; and Class III and Class IV—77.6 cents per $100 of assessed value.

Class I properties, which are personal property used in agriculture, are totally exempt from taxation. Class II properties are owner-occupied residential and farmland properties.

Class III properties are commercial and all other properties located outside of municipalities.

Class IV properties are commercial and all other properties inside of municipalities.

Special levy

For a home appraised at $200,000 with an assessed value rate of 60% or $120,000, the special levy tax would remain at $385.92 — the same as the last three years — with the proposed levy rates.

The special levy payment is in addition to regular state school levy taxes, county taxes and also municipal taxes that would be applicable if a homeowner resides within the Town of Bath or the Town of Paw Paw.

Projected revenue

The projected net tax revenue to be collected for Fiscal Year 2018 through special levy taxes is $4,147,298, some $16,920 more than last year’s projected $4,130,378.

Projected revenue from the state regular school levy for Fiscal Year 2017 is $4,903,512 — $20,008 more than last year’s projection of $4,883,504.

Projected revenue from the state regular school levy for Fiscal Year 2017 is $4,903,512 — $20,008 more than last year’s projection of $4,883,504.

Projected revenue is minus allowances for uncollectables, exonerations, delinquencies and discounts.

The total projected revenue from the combined regular school and special levies is $9,050,810 some $36,928 more than last year’s projected revenue of $9,013,882.

Assessed values

Total county assessed values for Class II, III and IV properties are $1,030,654,394 for Fiscal Year 2018, which decreased by $771,721 from Fiscal Year 2017, said School Treasurer Ann Bell.

Total assessed values for Class II properties are down $7,195,426 from last year.

Class III properties increased by $5,020,347 from last year and Class IV properties rose by $1,403,358.

Levy, budget process

The schedule of proposed levy rates is being forwarded to the state auditor’s office and to the West Virginia Department of Education for approval, Bell said.

The rates will also be published for two weeks as required by the state. They can be found in today’s Morgan Messenger edition and will also be published in the March 22 edition.

The March 7 special meeting was adjourned following approval of the proposed levy rates. The meeting will be reconvened at a special 9 a.m. April 18 school board meeting for formal approval of the official levy rates.

A school board budget workshop will be held at the Tuesday, April 25 regular meeting that’s scheduled for 6 p.m. at the school board office.

The school budget is set to be approved for publication at the May 2 regular meeting. A budget hearing is scheduled for May 16 with the budget adoption set for later in the meeting. Both the May 2 and May 16 meetings are scheduled for 7 p.m. at the board office.

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