Village government · Hamilton County, OH

Terrace Park's money: where it comes from and where it goes

In the latest recorded fiscal year (ended December 31, 2021), Terrace Park took in $4.4 million and spent $2.8 million.

Latest recorded year: ended December 31, 2021Estimated by the U.S. Census BureauComes fromGoes to

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Where it comes from

Village taxes93%County and local tax money5.3%Fines and other1.9%State tax money0.2%

What stands out

77%

of Terrace Park's money comes from property tax.A typical U.S. city, town or village of under 10,000 people gets 15%.

Village taxes93%

Property tax
77%$3.4 million
Other taxes
15%$658 thousand
What's in other taxesEstate and gift taxes; other licenses and 1 more
  • Estate and gift taxes$627 thousand
  • Other licenses$29 thousand
  • Alcoholic beverage licenses$2 thousand

Amounts are by Census tax category.

State tax money0.2%

Money the state passes on, paid for by the state taxes residents also pay.

From the state
0.2%$7 thousand

County and local tax money5.3%

Money passed on by the county or other local governments.

From the county and other local governments
5.3%$231 thousand

Fines and other1.9%

Fines
1.1%$50 thousand
Interest, rents and other
0.8%$35 thousand

Where it goes

Police, fire, courts and jails46%Running the government and other costs28%Roads, transit and parking15%Water, sewer, trash and utilities8.2%Interest on debt3.4%

What stands out

46%

of Terrace Park's spending goes to police, fire, courts and jails.A typical U.S. city, town or village of under 10,000 people spends 11%.

Spending by category100%

Police, fire, courts and jails
46%$1.3 million
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$845 thousand
  • Fire protection$308 thousand
  • Courts and legal services$142 thousand
Running the government and other costs
28%$775 thousand
What's in running the government and other costsGovernment buildings; other and not broken out and 2 more
  • Government buildings$303 thousand
  • Other and not broken out$222 thousand
  • Finance, tax collection and budgeting$197 thousand
  • Central staff services (personnel, purchasing, technology)$53 thousand
Roads, transit and parking
15%$417 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$417 thousand
Water, sewer, trash and utilities
8.2%$230 thousand
What's in water, sewer, trash and utilitiesGarbage and solid waste
  • Garbage and solid waste$230 thousand
Interest on debt
3.4%$95 thousand
Sources and moreWhere these numbers come from and what they cover

Village of Terrace Park. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended December 31, 2021. Most of this government's figures were estimated by the U.S. Census Bureau from a sample; the government did not report them itself. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Village of Terrace Park itself. Other governments that serve the same area (the city, county, school district and state) are separate and not included. Borrowing, transfers between a government's own funds, and pension trust funds are not counted as revenue.