HomeMy WebLinkAboutTax Rates.PDFPage 1 of 1
Mary Mills
From: Joan M. Mangi<lne
Sent: Monday, April Cl9, 2012 4:26 PM
To: VCH-Trustees
Subject: Tax Rates
The Tentative Budget is on the
website. Here's some rate information
to ponder.
TAX YEAR (NOT
FrscAL YEAR)
2009 5.452010 5.452011 5.84
Tax Base $ 378.159.414
Tax % Rate Rate per $1000 Tax Levy Funds from$$$0.00610032942 6.10 2,306,897 391,211$$$0.00620000000 6.20 2,344,588 353,520$$$0.00630000000 6.30 2,382,404 315,704
$$$0.00640000000 6.40 2,420,220 277,888$$$0.00650000000 6.50 2,458,036 240,072$$$0.00660000000 6.60 2,495,852 202,256$$$0.00670000000 6.70 2,533,668 164,440$$$0.00680000000 6.80 2,571,484 126,624$$$0.00684000000 6.84 2,586,610 111,498
As you can see, if the Village stays within the 2% Tax Levy Cap we will be using $390,000 from surplut
By increasing the rate $1 per milwe are only borrowing from surplus to fund Capital Expenditures.
04tr6t2012