Tuesday, June 2, 2015

If You Voted


For a potential two mill dedicated street repair tax levy next November, and the ballot issue passed how much would it cost you?
If you are a renter it would not cost you anything if the landlord absorbed the small tax increase.
If you are an owner of a home valued at $100,000 the cost would be less than $6 per month.
If you are a senior citizen home owner that meets the qualifications noted below
the tax increase would, for most seniors, be under $5 per month.

Note: Homeowners who turned 65 before January 1, 2014 are qualified for the discount for the rest of their lives. Those turning 65 on Jan. 1 or later only qualify if their adjusted incomes are below $30,500, excluding Social Security.

If city council decides to opt for a one quarter percent increase in the earnings (income) tax ballot issue instead of a property tax, a household with a $50,000 taxable income would pay an additional $10.50 per month.
If you have an interest in this matter please contact city council at 382-5458 or bwoods@ci.wilmington.oh.us


No comments:

Post a Comment