In these tough times, consumers are finding out that it’s becoming necessary to do more to maintain the same level of spending. The Washington County Fiscal Court is no different. At their meeting on Friday, the court approved the first reading of an ordinance to increase the county real estate and personal property tax to 7.5 percent. The increase from the current rate of 7.4 percent is needed to maintain the same level of income for the county.
“What we’re proposing is to take the compensating rate which would take our tax rate from 7.4 to 7.5 cents per every $100 of assessed value,” said Washington County Judge-Executive John Settles. “That would still bring in the same amount of dollars to the county. But the average person in the county is not going to pay more taxes because the average assessment went down. The tax rate is going up one-tenth of one cent per one hundred dollars in order for the same amount of money to come in.”
“Overall, our tax revenue is still going to go down because personal properties have decreased,” said county attorney Hamilton B. Simms. “That will mean a loss of about $4,000 for the county. Last year’s projected personal property receipts for the county were approximately $55,000, but I don’t know exactly how much was received.”
The court will have the second reading of the ordinance at the next fiscal court meeting, which is scheduled for Monday, Sept.14 at 9 a.m.
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