RALEIGH COUNTY, WV (LOOTPRESS) – The Raleigh County Board of Education has announced its proposed levy rates for the fiscal year ending June 30, 2026, outlining the taxation structure for different property classes to support public education funding.
Levy Rates and Projected Collections
The board plans to impose tax levies based on property classifications, with the following projected revenue estimates:
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Class I (Personal & Public Utility Property) – No taxable property listed.
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Class II (Real Estate & Personal Property, Owner-Occupied Homes) – Assessed at $1.47 billion, expected to generate $5.7 million in tax revenue.
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Class III (Commercial & Industrial Real Estate, Personal Property, Public Utilities, Outside Municipal Limits) – Valued at $1.64 billion, contributing $12.75 million in revenue.
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Class IV (Commercial & Industrial Real Estate, Personal Property, Public Utilities, Inside Municipal Limits)– Estimated at $564 million, generating $4.37 million in revenue.
In total, the gross tax collection is projected at $22.8 million, but after allowances for uncollectible taxes, discounts, and tax increment financing, the net projected tax revenue stands at $19.87 million.
Impact of Tax Increment Financing
A portion of the revenue is allocated to tax increment financing (TIF) districts, with an estimated $535,596 deducted from the general expense tax levy.
Next Steps
The levy proposal was signed by Serena L. Starcher, Secretary of the Board of Education, on March 11, 2025. Copies of all approved levies must be filed with the State Auditor’s Office and the West Virginia Department of Educationbefore final approval.
Residents and stakeholders can review the levy details and provide feedback before the finalization of tax rates.
