Suzanne Stewart
Staff Writer
To assist residents in understanding tax increases if the proposed school levy is passed, the board of education office created a tax calculator – a table which calculates the proposed increase in an individual’s taxes.
The Pocahontas County assessors office has the calculator and is able to input individual assessed rates to calculate the exact increase.
Below are examples of current assessed tax rates and the increased rate. If the levy passes, the increased rate will be added to the regular tax rate for five years.
The rate is based on a 20.5 cent increase on Class II properties and a 41 cent increase for Class III and IV properties.
Green Bank district, .76 acre lot, Class II with an assessed value $48,540. The tax increase would be $99.51 a year. With a Homestead exemption for taxpayers 65 and older, the increase would be $58.51.
Durbin district, 120 x 120 lot, Class II with an assessed value of $26,160. The tax increase would be $53.63 a year; with a Homestead exemption, $12.63 a year.
Durbin district, 80 x 120 lot, Class II with an assessed value of $40,560. The tax increase would be $83.15 a year; with a Homestead exemption, $42.15 a year.
Durbin district, 40 x 120 lot, Class IV with an assessed value of $21,720. The tax increase would be $89.05.
Marlinton district, 48 x 120 lot, Class II with assessed value of $24,300. The tax increase would be $49.82 a year; with a Homestead exemption, $8.82.
Marlinton district, 60 x 120 lot, Class IV, with assessed value of $39,480, the tax increase would be $161.87.
Hillsboro district, 120 x 120 lot, Class II with assessed value of $14,100. The tax increase would $28.91 a year; with a Homestead exemption, $12.10 a year.
Hillsboro district, 40 x 100 lot, Class IV with assessed value of $13,200. The tax increase is $54.12.
Along with personal property and real estate, vehicles will also have a tax increase. Vehicles are assessed as Class III and Class IV taxable properties.
The Pocahontas County Assessor’s Office may be contacted at 304-799-4750.
Suzanne Stewart may be contacted at sastewart@pocahontastimes.com