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PDF
MS-1
PDF
MS-232PDF
MS-535Warrant
BASIC PROCESS-TOWNS/CITIES
PDF
Proposed Budget
Estimated Revenues
Proposed Appropriations
PDF
MS-434
Re-estimate Revenues
Tax Rate
Setting Warrant
WarrantWarrant
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PDF
MS-1MS-1V
PDF
MS-22MS-232
PDF
MS-25DOE-25
WarrantWarra
ntWarrantWarrant
TODAY’S TRAINING SESSION
PDF
Proposed Budget
Estimated Revenues
Proposed Appropriations
PDF
MS-24MS-434
Re-estimate Revenues
Training Session 4
Tax Rate
Setting
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1. Location of interface 2. Workflow 3. Tax Rates interface 4. Fund balance and overlay calculations 5. Submitting revenues 6. Viewing draft and final forms 7. DRA Approval process
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} Tax Rate manager can be accessed through: ◦ Tax Rates tab ◦ Tax Rates button
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} Gateway to tax rate information ◦ Access draft and final
tax rates ◦ Print draft and final tax
rates
} To access tax rate, select green arrow on left side
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Rate Visible Rate Visible
Advisor Creates
Rate
Municipality Updates
Rate
Supervisor Reviews
Rate
Director Completes
Rate
Tax Rate Set
Adjust:
• Overlay • FB to reduce
taxes
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} Interface has four tabs ◦ Appropriations & Revenues ◦ Tax Base ◦ Overlay & Surplus (municipal value input) ◦ Information
} Each tab has the tax rate calculation on the bottom which can be minimized
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Page Content
Tax Rate Table Appears on all pages
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} When viewing a rate, users will be taken to the “Overlay & Surplus” tab
} Two values are editable ◦ FB to reduce taxes ◦ Requested Overlay
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} “Requested” overlay is an approximate amount used to calculate the tax rate
} Rounding the tax rate calculation results in partial penny adjustments
} Adjustment is applied to
the municipal tax effort only
Tax Effort $775,900
Tax Base $15,450,000
Tax Effort Tax Rate= Tax Base x100
Tax Rate= $5.02
Initial Overlay=$5,900
775,900 5.0220= 15,450,000 x100
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} “Requested” overlay is an approximate amount used to calculate the tax rate
} Rounding the tax rate calculation results in partial penny adjustments
} Adjustment is applied to
the municipal tax effort only
Tax Rate= $5.02
Tax Rate x Tax Base Tax Effort= 100
775,900-775,590=310
Initial Overlay=$5,900
Final Overlay=$5,590
5.02 x 15,450,000 775,590= 100
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} Update FB to reduce taxes and overlay as needed
} After updating values
select green “Calculate” button
} View rate impact
} When finished, select yellow “Complete Municipal Review” button
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} Print draft report from homepage ◦ Printer icon
} Extensive draft
watermarking to indicate non-final rate reports
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} Following DRA supervisor and director approval you will receive an email
} Log into system, go to
Tax Rates page ◦ View rate-green button ◦ Print rate-Printer icon
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} Required documents to be uploaded ◦ Tax commitment (1/2% verification) ◦ Signed property tax warrant and summary or
summary only ◦ Copy of a final tax bill
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} DRA Website ◦ http://revenue.nh.gov/mun-prop/mtrsp/index.htm ◦ Help videos ◦ Quick help sheets ◦ User manual
} Municipal advisor } Technical support team
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