County mill­age has in­ter­est­ing his­tory

The Covington News - - Front page -

called the roll­back rate, the 10.9 rate would ob­vi­ously be higher than the cur­rent 9.73 rate.

How­ever, the 10.9 rate is the rate nec­es­sary to bring the county the same amount of prop­erty tax rev­enue as it col­lected the year be­fore. Prop­erty tax rev­enue in this past fis­cal year was pro­jected to be nearly $27.7 mil­lion, around 57 per­cent of the bud­get.

If the board adopts any­thing other than the 9.73 rate, it will be the first change to the mill­age rate since the FY2001 bud­get year.

How­ever, ex­am­in­ing mill­age rates from the last 30 years re­veals that the mill­age rate was ac­tu­ally changed ev­ery year from FY1981 to FY2000. In some years the fluc­tua- tions were fairly mi­nor and in oth­ers fairly sub­stan­tial. To see the his­tor­i­cal mill­age rates, visit Cov­News.com.

For­mer Ex­ec­u­tive As­sis­tant Brian Allen, who served from 1986 to 1995, said the county mill­age rate changed ev­ery year be­cause the county sim­ply at­tempted

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