Quote:
Originally Posted by biker1
You can't just look at the millage rate by itself. It is the millage rate times the total assessed value of the property in the county that matters. The millage rate has been rolled back for the last several years.
|
I'm not sure what point you are trying to make. It's the county commissioner's proposed 25% increase to last years millage rate that has many of the posters upset or concerned.
Several posters have said they believe the commissioner's budget process seems arbitrary or flawed and they feel it would be better if annual changes to the millage rate were tied to the CPI.
My post above just makes the point that if the commissioners had used the CPI the last 6 years we would not have had 6 years of decreased millage rates and next years millage rate would actually be higher, at 7.018, than it will be if the current proposed millage rate of 6.7 is approved.
Yes, your total annual property tax amount is determined by dividing the taxable value of your property by 1,000 and then multiplying the result by the millage rate. But the county commissioners and their proposed 25% increase have nothing to do with establishing the taxable value of your property.