| Average Residential |
Services |
Now |
Plus… |
|
| Taxable Value |
Received |
SL Twp |
SL Village |
Sub-Total |
$65,000 |
General |
0.9655 |
5.7044 |
6.6699 |
| |
Police (calculated) |
0.0000 |
4.4795 |
4.4795 |
| |
Museum |
0.2245 |
0.0000 |
0.2245 |
| |
Seniors |
0.2472 |
0.0000 |
0.2472 |
| |
Bike Paths |
0.4946 |
0.0000 |
0.4946 |
| |
Dist. Library |
2.2535 |
0.0000 |
2.2535 |
| |
Street Lights - Special District |
0.2250 |
NA |
0.0000 |
| |
State education |
6.0000 |
0.0000 |
6.0000 |
| |
County Parks |
0.3165 |
0.0000 |
0.3165 |
| |
SL Public Schools (Debt) |
6.1471 |
0.0000 |
6.1471 |
| |
Intermediate School District |
4.2093 |
0.0000 |
4.2093 |
| |
Ottawa County plus 911 |
3.9407 |
0.0000 |
3.9407 |
| |
Debt |
0.0000 |
1.7780 |
1.7780 |
| |
TOTAL |
25.0239 |
11.9619 |
36.7608 |
| |
TOTAL ANNUAL TAX BILL Now (assumes Taxable Value of $65,000) |
|
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| |
If Village becomes a City |
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| Type In Your |
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| Taxable Value |
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|
| (See shaded box, right of |
Services |
Millages…… |
|
|
| parcel # on tax bill) |
Received |
New City |
|
|
|
Fire |
0.8937 |
Estimated |
|
| (Type in your Taxable |
Assessing |
0.2074 |
Estimated |
|
| Value above) |
Elections |
0.1807 |
Estimated |
|
| |
General operations |
5.7044 |
|
|
| |
Police |
4.4795 |
|
|
| |
Museum |
0.2245 |
|
|
| |
Seniors |
0.2472 |
|
|
| |
Bike Paths |
NA |
|
|
| |
Dist. Library |
2.2535 |
|
|
| |
Street Lights |
NA |
|
|
| |
State Education |
6.0000 |
|
|
| |
County Parks |
0.3165 |
|
|
| |
SL Public Schools (Debt) |
6.1471 |
|
|
| |
Intermediate School District |
4.2093 |
|
|
| |
Ottawa County plus 911 |
3.9407 |
|
|
| |
Debt |
1.7780 |
|
|
| |
|
|
|
|
| |
Sub-Total |
36.5826 |
|
|
| |
Less Savings from No Extra Fire Contract Cost |
0.1281 |
|
|
| |
Savings from Lakeside Beach/Central Park Addl. Cost Sharing (negotiated) |
0.0993 |
|
|
| |
Extra revenue from Tax Administration fees (1%)-- millage reduction |
0.3043 |
|
|
| |
TOTAL EXPECTED WITH NEW CITY |
36.0508 |
|
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| |
|
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| |
Savings in Mills |
0.7100 |
mills |
|
| |
Annual Savings in Dollars |
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| |
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| Variables and Concluding Assumptions |
Assumptions and Calculations |
| Tax Year |
2006 |
|
| Fire (on per capita basis) |
$62,843 |
Lowest Per Capita Cost of Surrounding Departments |
| Note how calculated… |
………… |
………… |
| Plus… |
1,500 sf X $65/sf = $97,500/20 years + interest = $10,000/year |
Construct A Fire House in Village & Buy a Pre-owned Pumper |
| Plus… |
$100,000 amortized over 10 years= $10,000/year |
Assumes a pre-owned pumper with ten years of life left |
| Equals |
Sub-total of $82,843/year…call it $90,000 |
Paid On-Call Department -- Contract Basis |
| Assessing |
$20,000/10 + $11 per parcel * 1717 per year = $20,887/ year |
Equipment amortized over ten years and Contract Basis -- Ferrysburg Per Parcel |
| Elections & PT office |
$12,000/10 + $3,000 per election + $14,000 PT labor = $18,200 per year |
Equipment amortized over ten years and Extra Elections Labor (0.45 FTE) |
| Cemetery |
Not calculable due to variable personal preferences |
Non-resident SL Twp rates would apply |
| Bike Path |
Shown as savings |
Eliminated since no benefit being received for Village now -- assumes State agrees |
| Beach & Park Sharing |
Cost share of $10,000 now per year is inequitable |
Continue cost share but doubled the cost sharing from $10,000 to $20,000 |
| Millage calculations |
$100,701per mill |
Calculated revenue per mill |
| Tax Administration Fee |
$30,647 per year, from 3/6/07 SLT calculation |
Same as SLT collects currently. Addresses extra staff and printing costs |