Village of Rutland provides update on 1% income tax
RUTLAND, Ohio (July 26, 2023) — The Village of Rutland is half way through its first full year of the implementation of its one percent municipal income tax, and according to Mayor Tyler Eblin, the Village has generated just over half of the income tax revenue estimated for the initial year of implementation, despite the need for more residents and businesses to register.
According to Clerk-Fiscal Officer and Tax Administrator Delaynie Potts, the Village of Rutland has received $8,904.15 in municipal income tax revenue as of July 24, 2023. This revenue is generated in the form of individual payments that are received monthly.
According to Al Dolezol, a representative with the Regional Income Tax Agency, the entity with whom the Village of Rutland contracts to provide income tax collection and enforcement, cities and villages implementing a municipal income tax for the first time generally receive two-thirds of their estimated annual income tax revenue during the first year.
Prior to the implementation of the municipal income tax, RITA estimated the Village of Rutland would generate approximately $24,000 annually in additional tax revenue. Two-thirds of this number is $15,840, of which 56% has already been collected by the Village of Rutland.
However, Tax Administrator Potts reports that only 43 individuals and businesses, collectively, have registered with RITA. Mayor Eblin notes it is typical for registration to be delayed during the first year of the implementation of an income tax and is directing the Tax Administrator to issue friendly reminder letters to businesses and individuals who have not yet registered. Mayor Eblin has also given the green light to RITA to begin mailing billing statements to those who have not yet paid their income tax.
Tax Administrator Potts understands the initial registration process can be confusing and explains the process. According to Potts, those who live in the Village of Rutland are required to pay one-percent of their earnings to the Village, unless they are paying one-percent of their earnings to another city or village, in which case, they are only required to pay one-fourth of the one-percent paid to the other city or village, or 0.25%, due to Rutland’s tax credit.
For example, if your annual net earnings is $25,000 and you work in the Village of Middleport, a municipality with a levied income tax, you would pay one-percent, or $250 annually, of those earnings to the Village of Middleport and an additional one-fourth of the one-percent of those earnings, or $62.50 annually, to the Village of Rutland, instead of an additional, full one-percent.
The Village of Rutland has provided income tax registration forms on the Village website at www.villageofrutland.org and those forms are also available in the Office of the Clerk-Fiscal Officer.
If any Village resident or business owner has any questions or needs help with completing the necessary paperwork, they are encouraged to stop by the Village Hall on Mondays and Wednesdays between 8:30 a.m. and 4:30 p.m., or Friday’s between 8:30 a.m. and 12:30 p.m.
Village of Rutland provides update on 1% income tax
RUTLAND, Ohio (July 26, 2023) — The Village of Rutland is half way through its first full year of the implementation of its one percent municipal income tax, and according to Mayor Tyler Eblin, the Village has generated just over half of the income tax revenue estimated for the initial year of implementation, despite the need for more residents and businesses to register.
According to Clerk-Fiscal Officer and Tax Administrator Delaynie Potts, the Village of Rutland has received $8,904.15 in municipal income tax revenue as of July 24, 2023. This revenue is generated in the form of individual payments that are received monthly.
According to Al Dolezol, a representative with the Regional Income Tax Agency, the entity with whom the Village of Rutland contracts to provide income tax collection and enforcement, cities and villages implementing a municipal income tax for the first time generally receive two-thirds of their estimated annual income tax revenue during the first year.
Prior to the implementation of the municipal income tax, RITA estimated the Village of Rutland would generate approximately $24,000 annually in additional tax revenue. Two-thirds of this number is $15,840, of which 56% has already been collected by the Village of Rutland.
However, Tax Administrator Potts reports that only 43 individuals and businesses, collectively, have registered with RITA. Mayor Eblin notes it is typical for registration to be delayed during the first year of the implementation of an income tax and is directing the Tax Administrator to issue friendly reminder letters to businesses and individuals who have not yet registered. Mayor Eblin has also given the green light to RITA to begin mailing billing statements to those who have not yet paid their income tax.
Tax Administrator Potts understands the initial registration process can be confusing and explains the process. According to Potts, those who live in the Village of Rutland are required to pay one-percent of their earnings to the Village, unless they are paying one-percent of their earnings to another city or village, in which case, they are only required to pay one-fourth of the one-percent paid to the other city or village, or 0.25%, due to Rutland’s tax credit.
For example, if your annual net earnings is $25,000 and you work in the Village of Middleport, a municipality with a levied income tax, you would pay one-percent, or $250 annually, of those earnings to the Village of Middleport and an additional one-fourth of the one-percent of those earnings, or $62.50 annually, to the Village of Rutland, instead of an additional, full one-percent.
The Village of Rutland has provided income tax registration forms on the Village website at www.villageofrutland.org and those forms are also available in the Office of the Clerk-Fiscal Officer.
If any Village resident or business owner has any questions or needs help with completing the necessary paperwork, they are encouraged to stop by the Village Hall on Mondays and Wednesdays between 8:30 a.m. and 4:30 p.m., or Friday’s between 8:30 a.m. and 12:30 p.m.
