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FY14 Plainville Tax Analysis

FY14 Plainville Tax Analysis. A Guide to Where Your Tax $$$$ Go. FY14 Plainville Tax Analysis. FY 14 Tax Rates (R – Residential) (C – Commercial) Norfolk - $17.43 Mansfield - $15.77 (R); $20.45 (C) Wrentham - $ 15.31 (R); $18.55 (C) Norton - $15.37 Wrentham - $15.31(R); $18.55 (C)

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FY14 Plainville Tax Analysis

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  1. FY14 Plainville Tax Analysis A Guide to Where Your Tax $$$$ Go

  2. FY14 Plainville Tax Analysis • FY 14 Tax Rates (R – Residential) (C – Commercial) • Norfolk - $17.43 • Mansfield - $15.77 (R); $20.45 (C) • Wrentham - $ 15.31 (R); $18.55 (C) • Norton - $15.37 • Wrentham - $15.31(R); $18.55 (C) • Foxboro - $14.99 (R); $17.09 (C) • Plainville - $14.96 (R); $16.02 (C) • Attleboro $14.88 (R); $21.59 (C) • Bellingham - $14.66 (R); 17.91 (C) • Franklin - $14.45 • Seekonk - $13.33 (R); $26.52 (C) • North Attleboro - $ 13.24 • Rehoboth - $12.44

  3. FY14 Plainville Tax Analysis • FY 14 Avg Single Family Home • Norfolk - $422,695 • Walpole - $406,431 • Wrentham - $373,215 • Foxboro - $372,424 • Franklin - $363,989 • Mansfield - $356,859 • Rehoboth - $326,175 • North Attleboro $317,766 • Plainville - $316,434 • Seekonk - $285,908 • Norton - $282,431 • Bellingham - $257,222 • Attleboro - $240,768

  4. FY14 Plainville Tax Analysis • FY 14 Avg Single Family Tax Bill • Norfolk - $7,368 • Walpole - $6,405 • Wrentham - $5,714 • Mansfield - $5,628 • Foxboro - $5,583 • Franklin - $5,260 • Plainville $4,734 • Norton - $4,378 • North Attleboro $4,207 • Rehoboth - $4,058 • Seekonk - $3,811 • Bellingham - $3,771 • Attleboro - $3,575

  5. FY14 Plainville Tax Analysis • Value Ratio (Valuation / Tax Bill) • Rehoboth – 80.38 • North Attleboro – 75.53 • Seekonk – 75.02 (Dual Rate) • Franklin – 69.20 • Bellingham – 68.21 (Dual Rate) • Attleboro – 67.35 (Dual Rate) • Plainville – 66.84 (Dual Rate) • Foxboro – 66.71 (Dual Rate) • Wrentham – 65.32 (Dual Rate) • Norton – 64.51 • Walpole – 63.46 (Dual Rate) • Mansfield – 63.41 (Dual Rate) • Norfolk – 57.37

  6. FY14 Plainville Tax Analysis

  7. FY14 Plainville Tax Analysis • FY14 Plainville Budget - $28,289,884 • FY14 Tax Revenue - $17,739,695 • FY14 Other Revenue - $10,550,189

  8. FY14 Plainville Tax Analysis • 60.9% of the FY14 Plainville Budget is funded by Property Tax Receipts • 39.1% of the FY14 Plainville Budget is funded by Other Receipts such as Motor Vehicle Excise Taxes, State Aid, Water, Sewer & Trash Receipts, Free Cash and Other Miscellaneous Receipts

  9. FY14 Plainville Tax Analysis Other Receipts • State Aid – $4,314,750 • Water Revenue – $1,216,192 • Motor Vehicle Excise – $947,000 • Sewer Revenues – $783,681 • Ambulance Receipts – $410,000 • Free Cash - $616,414 • Trash Receipts – $417,192 • Chapter 90 (Highway) - $273,723

  10. Other Revenue Sources distributed based on: 1) Direct Basis – Chapter 70 to Schools, Water Receipts to Water Dept., etc. 2) Indirect Basis – Motor Vehicle Excise Taxes, Lottery Aid, etc. These revenue sources are allocated based on % of Total Department Expenses Health Insurance costs were allocated back to Departments based on the actual $$$$ incurred. Taken as a single entity, health insurance represents $500 or 10.5% of the $4,734 average Plainville tax bill. FY14 Plainville Tax Analysis

  11. FY14 Plainville Tax Analysis • Functional Area Definitions • Schools – Plainville, King Philip, Tri-County, Charter School Assessments, Debt Exclusions, • Public Safety – Police, Fire, Ambulance, Dispatchers • Public Works – Water, Sewer, Highway, Street Lights, Snow Removal • Recreation & Culture – Library, Council On Aging, Parks, Historical Commission • Fixed Expenses – Norfolk County Retirement, Town Insurance • General Govt – Selectmen, Town Clerk, Treasurer, Board of Health, etc

  12. FY14 Plainville Tax Analysis • Tax % By Functional Area • Schools – 60.1% • Public Safety – 19.9% • General Government – 7.6% • Fixed Expenses – 4.6% • Public Works – 6.0% • Recreation & Culture – 1.9%

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  23. FY14 Plainville Tax Analysis • Further questions or a copy of the Presentation, Contact Rob Rose 508-643-9168 Lsxplrer@comcast.net or Lsxplrer@gmail.com The Presentation will be on the Plainville Town website soon

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