1. Property Tax Increase due to Robertson Co. New Property Assessments
WELCOME
TO THE
COOPERTOWN
TOWN HALL MEETING
TO DISCUSS THE TOWN’S
Property Tax Increase due to Robertson Co. New Property Assessments
The Town Still has Free A/C Units for Those in Need.

2. Meeting Overview o
Final Year of 3-Year Pleasant View Volunteer Fire Department Fire Contract and the Future Contracts
Road Repaving Program of 2018
Ordinance
Coopertown Certified Tax Rate
Tax Year Comparisons , , and
The Implication of Robertson County New Assessment Values on the Town of Coopertown Revenue Increase
Example of the Calculation for the Town of Coopertown Property Tax o o o o o o

3. AGENDA I. Introductions II. Meeting Rules III. Current Fire Contract
TOWN HALL MEETING
July 28, 2016
I Introductions
II. Meeting Rules
III. Current Fire Contract
IV. Road Repaving Program
Town’s Tax Year Summary
Robertson County New Property Assessment
VII. Group Q & A
VIII. Adjourn

4. Meeting Protocol So, let’s get started.
I will provide an overview of the situation and then open the floor for questions.
We have several people on the stage with special information on specific topics who will answer questions in their area of experience. o
PLEASE
Let me present the situation before you start asking questions. If you have a question write it down.
When we get to the Question and Answer portion of the meeting PLEASE, one person speaks at a time. We will get to all questions no matter how long it takes. The issue in front of us is serious, no doubt. However, for the Town to survive and the citizens get the services they want, we must face this funding issue.
So, let’s get started.

5. 2018
$185,347.00
2019
$189,053.94
2020
$192,835.02
2021
$196,691.72
2022
$200,625.55
2023
$204,638.06
2024
$208,730.83
2025
$212,905.44
2026
$217,163.55
2027
$221,506.82
2028
$225,936.96
2029
$230,455.70
2030
$235,064.81
2031
$239,766.11
2032
$244,561.43
2033
$249,452.66
2034
$254,441.71
2035
$259,530.55
2036
$264,721.16
2037
$270,015.58
2038
$275,415.89
2039
$280,924.21
2040
$286,542.69

6. Road Repaving Contract for 2.3 Miles - $164, 871
COMPLETED
5/18/18

7. COMPLETED
5/17/18
Total Spent –
$65,726.18

8. Repaving to Start
After 7/1/18
Balance to be Spent
$99,144.82

9. Repaving to Start After 7/1/18

10. Repaving to Start
After 7/1/18

14. 2016 and 2017 Property Tax Revenue Allocation:
Pleasant View FD Contract 71.4% $227,192
Road Repaving % $ 91,004
Proposed 2018 Property Tax Revenue Allocation:
Pleasant View FD Contract 59.7% $227,253
Road Repaving % $ 153,406
The Extra Revenue Means Repaving Roads Every Year VS. Every Other Year.

15. Two Examples:
$250,000 home in a subdivision, and
$250,000 home on 100 acres
Example 1
2017 Tax Year:
$250,000 Home x .25 assessment rate = $62,500 assessed value
$62,500 assessed value/100 = $625
$625 x .35 assessment rate = $218.75/year
2018 Tax Year:
$291,000 Home x .25 assessment rate = $72,725 assessed value
$72,750 assessed value/100 = $727.50
$ x .35 assessment rate = $254.63/year
Total Annual Increase = $35.88

16. Example 2
2017 Tax Year:
$250,000 Home tax = $218.75/year
100 acres in Green Belt. Property value = $340,000
Green Belt gives the tax value at $340,000 / 3 = $113,333
$113,333 x .25 = $28, assessed value
$28,333.25/100 = $ x .35 = $99.17
Total Tax Bill = $ $99.17 = $317.92
2018 Tax Year:
$291,000 Home tax = $254.63/year
100 acres in Green Belt. Property value = $395,760
Green Belt gives the tax value at $395,760 / 3 = $131,920
$131,920 x .25 = $32,980 assessed value
$32,980/100 = $ x .35 = $115.43
Total Tax Bill = $ $ = $370.06
Total Annual Increase = $52.14

17. Tracking the Robertson County Commissioners – “Fillies”
CONCLUSION: 14 COMMISSIONERS ARE RUNNING UN-OPPOSED (58.3%)
How Will They Vote ?

18. QUESTIONS AND ANSWERS ??