CLEVELAND – The White County Board of Commissioners has previously announced that they want to maintain the current tax millage rate of 10.75; however, since the rollback rate is lower than the current millage rate, an increase of 5.36 percent is necessary to meet the 10.75 rate.
This tentative increase will result in a millage rate of 10.750 mills, an increase of .547 mills over the rollback rate. Without this tentative tax increase, the millage rate will be no more than 10.203 mills. The proposed tax increase for a home with a fair market value of $180,000.00 is approximately $38.29. The proposed tax increase for non-homestead property with a fair market value of $140,000.00 is approximately $30.63.
State law requires municipalities and counties to “roll back” their millage rate after reassessment of property values to ensure local governments receive the same amount of revenue from property taxes after reassessment as they did before.
With that in mind, the commissioners have announced that in order to maintain the same millage rate – state law requires that they advertise to announce a potential tax increase and hold three (3) public hearings on the issue.
To meet that requirement, the commissioners will hold public hearings on Monday, July 26, at 8:30 AM and 6 PM, and Monday, August 2 at 4:30 PM. All concerned citizens are invited to any or all of the public hearings which will be held at the County Administration Building located at 1235 Helen Hwy Cleveland.
