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How did our taxes go up so much, yet the county
if broke?
As we told you in
our last newsletter, it seems impossible that the county will
not be getting A
LOT more money in taxes. Here’s what we have found.
If you just
bought your house within the last 2 or 3 years, you got a tax break.
Example: Your
house has a taxable value of $100,000 and your new assessment kept
that value at $100,000 since your house was just put on the books in
the last couple of years.
Old
taxes--$100,000 x 37.xx mils = $3700 tax bill.
New
taxes--$100,000 x 27.74 mils = $2774 tax bill. Savings = $900+
This also happened
with vehicles (your tag cost should be lower this year), all
property in conservation (we’ll have a separate article on this
problem), Public Utilities, and Timber. So overall, the people with
houses that have been here for several years had a terrific tax
increase while others had a big tax savings when the millage rate
went down. The total increase to the county was only $103,000 in
additional tax revenue.
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