20 results for “real estate transfer tax”
20 results for “real estate transfer tax”
This is an agenda for a City of Oakland Budget Advisory Commission meeting scheduled for Wednesday, October 22, 2025, from 6:00 PM to 8:00 PM in Council Chambers. The seven-member Commission, comprising Mandela Bliss, Larisa Casillas, Mike Forbes, Ben Gould, Mike Petouhoff, Jane Yang, and Stephisha Ycoy-Walton, will address commissioner appointments and elections, review the adopted FY25-27 budget, and consider a Council Finance & Management Committee report on options to raise an additional ongoing $40 million in General Purpose Fund revenues. The agenda also includes discussion of a Community Engagement Ad Hoc assessment on the 2025-2027 budget process and a Consolidated Fiscal Policy amendment recommendation regarding real estate transfer tax revenues. The Finance Department will provide updates, and the public may observe via KTOP Granicus, Zoom webinar, or in person.
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The 2021 approved budget projects total real estate tax revenue of $5,175,772, representing an 89–90% collection rate and a decrease of $1,165,921 from the prior year budget. The budget includes resident taxes of $30,000 (Ordinance 1949, $5 per resident over 21), per capita tax of $175,000 (Ordinance 1933, $10 per resident with income over $5,000), earned income tax of $2,632,000 (split between regular 1% EIT and Act 47 special designation), real estate transfer tax of $275,000 (city's share of 2.5% transfer tax), and local service tax of $345,000. Real estate tax collections are administered by Luzerne County's Agent, Northeast Revenue, with earned income taxes collected by Berkheimer Services.
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The City of Hazleton's 2026 Initial Budget Draft proposes total General Fund revenues of approximately $16.1 million, with real estate taxes representing the largest component at $10.3 million (current year: $9.6 million plus prior year collections of $736,000). Special taxes are projected at $4.6 million, comprising earned income tax at $3.3 million, real estate transfer tax at $425,000, local service tax at $375,000, and payroll prep tax at $500,000 (with $300,000 withheld for potential Amazon mispayment return). Building and alterations permits are budgeted at $1.15 million for 2026. The budget document, dated October 28, 2025, shows comparative data across 2024 actual, 2025 current budget, and 2026 proposed figures, with an amendment column for Council passage modifications.
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Carroll Township, Perry County does not levy a real estate tax on residents, instead funding services through earned income tax (1.70%), fire tax (0.034 mills), per capita tax ($5.00), and real estate transfer tax (1.0%). The Spring 2023 newsletter announced a Spring Cleanup event scheduled for May 13, 2023, accepting tires, metal, and bulk trash with specific limits and fees, and noted that the Community Center is undergoing repairs funded by COVID relief funds, with furnaces installed and roof replaced, pending water system permitting.
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The 2023 Approved Budget documents the City's General Fund revenues across multiple tax categories. Real estate taxes are projected at $5,568,719 for current-year collections plus $321,000 from prior-year collections, totaling $6,229,719 with no changes from the proposed budget. Earned income tax revenue is budgeted at $2,050,000 (1% tax collected by Berkheimer Services, split 0.5% to the City), real estate transfer tax at $400,000 (representing the City's 0.5% share of a 2.0% transfer tax), and local service tax at $300,000. Resident taxes and per capita taxes, previously levied under ordinances from 1933 and 1949, were removed as revenue sources in 2022. The budget was approved by Council on 11/17/2022 with no amendments to the proposed revenue figures.
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The 2022 Approved Budget document presents General Fund revenue projections for the City of Hazleton. Real estate taxes represent the largest revenue source, with current-year collections projected at $5,478,385 and prior-year collections at $321,000, totaling $6,139,385 with no proposed change. The budget eliminates three revenue sources: Residence Tax ($30,000 in 2021), Per Capita Tax current-year ($125,000 in 2021), and Per Capita Tax prior-years ($50,000 in 2021). Earned Income Tax is projected at $1,950,000 with no change, while Real Estate Transfer Tax is budgeted at $300,000 and Local Service Tax at $345,000. The document notes that residence and per capita taxes are slated for removal as revenue sources under existing ordinances.
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The 2026 Proposed Budget Narrative, presented by Mayor Matt Tuerk and Finance Director Bina Patel, outlines the municipality's General Fund revenues across multiple tax and fee categories. Key revenue sources include Earned Income Tax ($47.6 million), Current Year City Real Estate Tax ($40.7 million), Business Privilege Tax ($13.1 million), and Deed Transfer Tax ($3.1 million), along with various permits, licenses, and service fees totaling hundreds of thousands of dollars. The document provides a comprehensive breakdown of anticipated revenue sources to support the 2026 fiscal year budget.
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This 2023 taxation chapter from Ontelaunee Township, Berks County, Pennsylvania establishes the comprehensive regulatory framework governing multiple tax categories including real estate tax, earned income tax, local services tax, and realty transfer tax. The document sets the tax collector's compensation at $3.00 per real estate tax bill collected (including street light assessments) and $3.00 per interim tax bill collected, effective January 1, 2020. The chapter also addresses tax administration procedures, penalty structures, exemptions, and delinquent tax collection mechanisms across nine articles covering collector compensation, real estate taxation, earned income tax, local services tax, realty transfer tax, per capita tax repeal, delinquent tax collection, and economic stimulus tax exemptions.
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This 2020 approved budget document presents the General Fund revenue projections for the municipality. Real estate taxes represent the largest revenue source, budgeted at $4,276,573 for 2020 (comprised of $3,979,573 in current-year taxes based on a 4.76 mill rate and 90% collection rate on $959,164,934 total valuation, plus $297,000 in prior-year collections). Earned Income Tax is projected at $1,950,000 for current-year collections at a 1% rate allocated equally between the city and Hazleton School District, with an increase to 1.3% for the city under the Hazleton City Recovery plan. Additional revenue sources include per capita taxes ($125,000 current year, $50,000 prior years under a $10 levy), real estate transfer tax ($275,000 at 2.5% on transfers), resident taxes ($30,000 under a $5 per-resident levy), and Local Service Tax ($345,000). The 2020 proposed budget shows a 3% increase ($117,387) in total real estate tax revenue compared to the 2019 final budget.
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Providence Township's 2025 budget projects total revenues of $2,455,437, including a $850,000 carryover from 2024 surplus, with primary revenue sources being earned income tax ($1,033,000), real estate taxes ($224,000), and real estate transfer tax ($85,000). The budget also incorporates state grants totaling $45,000 (including $40,000 in municipal pension aid and $5,000 in recycling grants), permit and licensing fees across various categories, and miscellaneous local revenues. Notable revenue streams include cable TV franchise fees ($80,000), zoning permit fees ($25,000), and firefighters' relief fund receipts ($48,000).
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The City of Wilmington established tax rates for Fiscal Year 2022 across eight revenue categories. The rates include a 1.25% wage tax on resident and non-resident earned income, a 1.25% net profit tax, a property tax of $1.995 per $100 of assessed value (based on 1983 valuations), a $15 monthly head tax per employee (for businesses with 6+ employees), a 1.50% real estate transfer tax, franchise taxes of 2% on electricity and 5% on cable television, a 2% natural gas tax, and a 2% lodging tax on hotel room rentals within city limits.
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The City of Lebanon, Pennsylvania presented its 2025 General Fund Budget to City Council on November 1, 2024, proposing no tax increase—marking the 10th consecutive year without an increase—while maintaining the millage rate at 4.581 mills. Key revenue projections include a modest 1.07% increase in real estate property tax receipts (rising $41,358) due to assessed property value increases of approximately $2.17 million, with an average property owner continuing to pay $475 annually. The budget narrative notes that most city employees are represented by unions with contracts expiring December 31, 2025, and discusses anticipated revenue from real estate transfer taxes and earned income taxes based on housing market conditions and economic factors.
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The Township of Bethlehem's 2023 Adopted Budget document, finalized December 19, 2022, presents comprehensive revenue and expenditure projections across six funds: General Fund, Sewer Fund, Liquid Fuels Fund, Capital Reserve Fund, Fire Tax Fund, and Stormwater Fund. Total General Fund tax revenue is budgeted at $15,976,510 for 2023, with earned income tax constituting $5,450,000, real estate tax at $7,103,510, and real estate transfer tax at $1,275,000. Licenses and permits revenue totals $841,700, and the budget includes detailed expenditure summaries and minor equipment allocations across all operating funds.
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The City of Hazleton's 2024 approved budget projects total real estate tax revenue of $6,941,986, comprising $6,280,986 from current-year collections and $321,000 from prior-year collections. Special taxes are budgeted at $3,760,000, including $2,550,000 from earned income tax (1% rate split between the City and Hazleton School District), $510,000 from payroll preparation tax (0.26% on covered payroll), $400,000 from real estate transfer tax (City's 0.5% share), and $300,000 from local service tax ($52 per employee). Building and alterations permits are projected at $350,000 in revenue. The budget shows no changes between the proposed and council-approved versions across these revenue categories.
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The City of Hazleton approved its 2025 General Fund budget with amendments, projecting total real estate tax revenue of $8,154,357 (down from the proposed $8,654,357), comprised of current-year real estate taxes of $7,458,357 plus prior-year collections of $696,000. Special taxes are budgeted at $4,635,000, including earned income tax of $3,100,000 (1% rate split 0.5% to city and 0.5% to Hazleton School District), payroll prep tax of $810,000 (0.26% on covered payroll), local service tax of $375,000 ($52 per employed individual), and real estate transfer tax of $350,000 (city's 0.5% share of 2.0% transfer tax). Building and alterations permits are projected at $350,000. The budget document shows comparisons across 2023 actuals, 2024 final budget, 2024 year-to-date performance, and proposed 2025 figures both with and without council amendments.
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