How did our taxes go up so much, yet the county
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.
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.
taxes--$100,000 x 37.xx mils = $3700 tax bill.
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.