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 - $ (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); (C) –Franklin - $14.45 –Seekonk - $13.33 (R); $26.52 (C) –North Attleboro - $ –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 – –North Attleboro – –Seekonk – (Dual Rate) –Franklin – –Bellingham – (Dual Rate) –Attleboro – (Dual Rate) –Plainville – (Dual Rate) –Foxboro – (Dual Rate) –Wrentham – (Dual Rate) –Norton – –Walpole – (Dual Rate) –Mansfield – (Dual Rate) –Norfolk – 57.37

6 FY14 Plainville Tax Analysis

7 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 FY14 Plainville Tax Analysis 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.

11 FY14 Plainville Tax Analysis Functional Area DefinitionsFunctional 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 AreaTax % 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 or The Presentation will be on the Plainville Town website soon