|Published: 9:32 AM, 08/19/2013
Author: Michael Thomason
Source: The Monroe County Advocate
MADISONVILLE-Holding onto tradition,
Monroe County is looking to have its budget finalized by Sept. 1,
though by law, budgets are supposed to be ready by July 1, the start
of the fiscal year.
Extensions are granted though, and like
a lot of other counties, Monroe has asked for such an extension many
times, including this year. But one thing County Mayor Tim Yates
guarantees is no property tax increase. Even though the rate has
increased from $1.95 to $2.09.
Yates said he knows some people will
interpret the rate increase as a tax increase, but he says that isn't
"This came about because of the
recent property reassessments," he said. "By law, we can't take
in more or less than we did the previous year from property taxes. In
the reassessments, a lot of property values fell, meaning the tax
rate had to increase to keep up with last year. Most homeowners won't
see any difference in their tax bills this year from last year."
See full story in the Sunday, Aug. 18, edition of The Advocate & Democrat.
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