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How Will The Town's 2012 Budget Affect My Taxes?

JohnstonPatch goes inside the numbers of the proposed fiscal 2012 budget.

With the mayor's proposed budget scheduled for a town council hearing tonight, one question that is sure to be on the minds of Johnston homeowners is: What will the increase do to my taxes?

The answer to this question is pretty straightforward — take the town's assessment of your property and multiply it by the anticipated increase of 94 cents per $1,000.

So, for example, if your house is assessed at $200,000, take 200 and multiply by 0.94 to get $188. That's the expected increase for your taxes in the next fiscal year, which runs from July 1, 2011 through June 30, 2012.

Based on the mayor's proposed budget, the town's residential property tax rate would go up to $24.75 per $1,000 in fiscal 2012.

(Johnston also provides a homestead exemption of 20 percent of a home's assessed value. It is not included in this estimation.)

That's also the way to figure out the potential hike if the town council makes changes to the budget — for example, if the council adds money back to the school department.

(The mayor recommended a $48 million budget; the school committee has requested $48.8 million.)

What would happen to the tax rate if the $800,000 were added back?

Based on the equation of $1 on the tax rate equalling about $1.6 million in money collected, $800,000 would add another 50 cents to the expected rate for fiscal 2012.

Using the earlier calculation, the owner of a home assessed at $200,000 would pay another $100 in taxes, for a total increase of $288 — or about $72 every quarter — to fund the school department's request.

The town council is scheduled to meet and review the budget at 7 p.m. at the Municipal Court.

Steve June 27, 2011 at 10:48 AM
Let's do a little math here. Another 72 dollars per quarter, on top of the 300 dollars a quarter for being a resident of Memorial Plat,( paying for our own sewer installation), on top of connecting to the sewer ( probably 5-10 thousand dollars) , on top of paying higher car taxes, wait....I seriously think I have had it. I just visited friends in North Carolina and their situation improved dramatically when they moved there from Rhode Island. The people there are nicer, more patriotic, and several levels less corrupt. I met 11 people from Rhode Island...four from Johnston....the ongoing joke among them is, "is anybody left in Rhode Island?"
edward stepka July 20, 2011 at 11:55 PM
when are taxes due?
Joseph Hutnak July 21, 2011 at 01:55 AM
Hi Edward: See our story on the town extending the tax bill deadline here: http://patch.com/A-kvgP Answer: August 24; senior citizens have until Sept. 5.
AV July 23, 2011 at 05:28 PM
R u serious, the people in the Memorial plat area voted to have sewer lines installed. You bought a house with a septic system that may or may not be failing. The town tried to help out by aiding the residents with the installation. Oh yeah and North Carolina -- Do you know that students pay for their school books in North Carolina along with a extremely high water bills.

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