User:WaitingforGodot/tax

The St. Mary's Glacier Metropolitan District ensures that your roads are safe, and that snow removal is timely.

However, over the last 5 years, the property values at St. Mary's have gone down nearly (x%). This has had a drastic effect on our ability to do the necessary snow removal, and has forced us to push some repair projects to the back burner. Our revenue in those 5 years has gone from X to X – a loss of X%. The preliminary assessed values of our homes in the St. Mary's Area, suggests that for the year 2012, the St. Mary's Metropolitan District will face a 30% loss of revenue. We cannot continue to provide even basic service if our funds are cut another 30%

We are asking you to approve a mill levy increase that will keep your taxes exactly where they are. You will not be paying any more money than you did this year. Taxes are collected based on a mill levy that is a percentage of the value of your house. So, if your home is valued at 100,000, the State values it at 7.6% of that 100,000. So the taxable value of a 100,000 home is 7,600$. Then we tax you at a mill rate of 4.0 on that 7,600$ for a total tax of X dollars. When your value goes down, that 4.0 mill is applied to a 6,000 home, which means a total tax of Y dollars. We are asking to raise the mill in such a way that your taxes will not go up. You will see no increase in your tax bill if you vote YES on this issue.