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
Paul
Hunter budhunter@frontier.com
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