TOWN OF JOHNSTON NOTICE OF PROPOSED PROPERTY TAX RATE CHANGE

The Town of Johnston proposes to increase its total property tax levy to $76,445,521 in the 2024-2025 budget year, the total property tax levy this year is $75,679,737 The result is a proposed net tax levy increase of 1.01 %

The proposed tax levy will result in a property tax rate of $15.30 per $1,000 of assessed valuation for residential real estate, $27.43 per $1,000 of assessed valuation for commercial real estate and $64.65 per $1,000 of assessed valuation for tangible personal property, as compared to the current property tax  rates of $15.30 per $1,000 of assessed valuation for residential real estate, $27.43 per $1,000 of assessed valuation for commercial real estate and $64.65 per $1,000 of assessed valuation for tangible personal property.

The preliminary FY 2024-2025  tax rates have not changed from FY 2023-2024.

  The budget proposal is a no tax increase budget.

 A property tax rate of $15.91 for residential real estate, $28.04 for commercial real estate and $64.65 for tangible personal property would be needed in the coming budget year to raise the maximum levy authorized by Section 44-5-2 of the general laws.

The Town of Johnston's 2024-2025 budget will be considered at 6:00 P.M. on

Wednesday  June 26,2024 at the Town of Johnston Municipal Court located at 1600 Atwood Avenue, Johnston, RI 02919.

The above property tax estimates have been computed in a manner approved by the R.I. Department of Revenue.

Dated: June 13, 2024                                         Mayor Joseph M. Polisena Jr.    

REPORT TO TAXPAYERS ON CURRENT AND PROPOSED BUDGET

Certification:

This is to certify that the data contained in this report is accurate to the best of my knowledge.

Dated: June 13,  2024              Mayor Joseph M. Polisena Jr.