Cumberland Times-News

Local News

April 16, 2013

Mineral, Piedmont tax rates remain same

PIEDMONT, W.Va. — The Piedmont Council and the Mineral County Commission voted Tuesday to accept proposed personal and real property tax rates for fiscal 2014, which begins July 1.

Both the rates for Mineral County and Piedmont remain the same as this year.

The regular current expense levy rates in Piedmont for real estate for Classes II and IV are 25 cents and 50 cents per $100 of the assessed value, respectively. For the excess levy, the Class II rate is 12.50 cents per $100 of the assessed value and for Class IV is 25 cents per $100 of the assessed value.

The regular current expense levy rates in Mineral County are: Class II rate is 28.60 cents per $100 of the assessed value; Class III and Class IV are 57.20 cents per $100 of the assessed value. The excess levy rates are: Class II, 5.58 cents per $100 of the assessed value; Class III and IV are 11.16 cents per $100 of the assessed value.     

In Mineral County the total projected property tax collection from the excess levy is $779,453 and the net amount to be raised by the levy of property taxes for the regular current expense levy is $3.4 million.

Class II is used for residential properties and farms. Class III is used for all other real and personal property located outside the city. Class IV is used for all other real and personal property located inside the city.

The regular current expense levy rates cover operating costs for the county’s office and the excess levy rates cover the county’s fire departments and rescue squads, according to Mineral County Coordinator Mike Bland. Mineral County residents vote every five years on the excess levy. Residents in Piedmont vote on the excess levy every four years in case there are any variables, said Betsy Rice, Piedmont town clerk.

In Mineral County, the excess levy rates were voted on and approved in November 2010 and will run until June 30, 2016, according to Bland. In Mineral County the excess levy was established in 1988.

 In Piedmont the next vote for the excess levy rates will occur in March 2015 and the rates will take effect in July 2015.

Contact Elaine Blaisdell at eblaisdell@times-news.com.

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