Page 90 - City of Bedford FY20 Approved Budget
P. 90
CITY OF BEDFORD
OVERLAPPING
TAX RATES
FY 2019 – 2020
Jr. College City General
$0.130170 Fund
Hospital 5.5% $0.377409
$0.224429 15.9%
9.4% City Debt
County Service
$0.234000 $0.191591
9.8% 8.1%
School
$1.220000
51.3%
This information is utilized to determine the total tax liability of the
average homeowner in the City of Bedford. The FY 2019-2020 tax
rates are shown.
The total overlapping tax bill for our citizens is $2.377599 for the
2019 tax year, with the City’s share 23.9% of the total.
The average residential taxable assessed valuation is estimated at
$220,040. Based on the average value, the total overlapping tax
liability for FY 2019-2020 is $5,232.
67
