Charleston residents can expect to see an increase in their property taxes over the next year.
City Council voted to lay the levies for the next fiscal year during a statutory meeting Tuesday.
The tax rate for Class II, or owner-occupied properties, will increase from roughly 17.5 cents per hundred dollars of assessed value to 18.52 cents.
The tax rate for Class IV, or non-owner occupied properties such as rentals or businesses, will increase from 35.16 cents per hundred dollars of assessed value to 37.04 cents.
A Class II property valued at $100,000 would see an annual levy increase of $5.64, while a Class IV property levy would increase by $11.28, City Finance Director Joe Estep said.
The levies, assessed on real, personal and public utility property, also includes excess levies that are provided for in the Fiscal Year 2016-17 budget.
Excess levy rates can only be altered through a municipal elections.
The current expense levies are projected to generate $8.6 million in Fiscal Year 2017, while excess levies are expected to add another $4.8 million.
The city planned for $13.6 million in property tax revenue for the current fiscal year, and is projecting a $300,000, or 2 percent increase, in revenues for the upcoming year for a total of $13.9 million.
"Property tax is probably our third-largest revenue strain," Estep said.
He also set aside nearly $430,000 in revenue from prior years.
"We estimate what's going to come in for old tax years [through] a monthly remittance from the Sheriff's Department. It shows how much they've collected for the current year and previous years," Estep explained.
Another category for supplemental taxes, such as vehicle property tax, is expected to generate another $40,000, he said.
The Kanawha County Commission also approved the levy rate for the 2017 fiscal year.
The county commission is expecting a decrease in property tax dollars in the upcoming year.
Residents will pay $14.30 for every $100 of property value, according to commissioners.
In Putnam County, commissioners approved keeping the levy rate the same for the 2017 fiscal year.
Brian Donat, county manager, said residents will see no change for the county commission's portion of taxes.
Residents with Class 1 property will continue paying 13.75 cents for every $100 of property value, Donat said.
The Putnam County Commission will have its next meeting at 9 a.m. April 26.