CHATSWORTH — Murray County residents will not see an increase in property tax rates this year from the county or the school system, but officials with both expect to see an increase in the amount of taxes collected over last year.

Sole commissioner Jim Welch plans to keep the property tax rate at just under 6.3 mills, while the Murray County Board of Education will keep the school system’s rate at 15.5 mills.

This is the second year the county’s rate will remain the same, and the fourth year the school system’s will.

But because both will collect more revenue due to residential growth and reassessed mobile home values, each will hold three public hearings as required by state law, officials said.

The county’s public hearings will be today at 6 p.m. at the senior center; Friday at 9 a.m. at the courthouse annex; and Monday at 2 p.m. at the courthouse annex.

“The millage is not increasing so I don’t expect a huge turnout,” Welch said.

The school system’s hearings will be Monday at 9 a.m. and 6 p.m. at Chatsworth City Hall, and Monday, July 31, at 11 a.m. at the central office.

“It’s a .029 percent increase in tax revenue,” Welch said. He expects to have more specific numbers today. The county’s budget is $14.2 million this year. The county’s fiscal year begins Jan. 1.

Part of the increase is due to a state-required re-evaluation in the way mobile homes are assessed, Welch said. Another part is due to residential growth, mainly through new subdivisions, he said.

The school system is projected to collect $275,000 more in tax revenue this year than last year, financial director Steve Loughridge has said. Last year the school system collected approximately $13.4 million. This year the school system expects to collect $13.66 million, Loughridge said. This year’s budget for the school system is almost $57 million, up from $52 million last year. The school system’s fiscal year began July 1.

React to this story:

0
0
0
0
0

Recommended for you