Cedar­town de­creases mill­age rate for this year’s tax bills

The Standard Journal - - LOCAL - By Sean Wil­liams SJ Correspondent Ed­i­tor Kevin Myrick con­tributed to this story.

Cedar­town’s com­mis­sion ap­proved the pro­posed 2017 mill­age rate of 11.201 “which is slightly lower than last year’s 11.286,” said city man­ager Bill Fann.

The new rate was met with unan­i­mous ap­proval dur­ing their Sept. 18 make-up date for their reg­u­lar monthly meet­ing, but com­mis­sioner Larry Odom men­tioned that “even­tu­ally we’ll have to raise the mill­age rate. It’s just some­thing that’s go­ing to hap­pen.”

Mill­age rate is used to de­ter­mine taxes owed by prop­erty own­ers by mul­ti­ply­ing the ap­proved mill­age rate by the tax­able value of a prop­erty. School boards use mill­age rate to de­ter­mine lo­cal school taxes to be col­lected based on to­tal prop­erty value within school dis­trict bound­aries. In the past years, Cedar­town has been slightly re­duc­ing the over­all mill­age rate each year with their roll­backs.

In 2015, the rate dropped only slightly based on the 11.309 mills set in 2016 at 11.268, and go­ing back to 2012 only a de­crease of .054 mills over­all.

This year’s de­crease in the mill­age rate comes along with good news: no bud­geted loss of rev­enue for 2017 tax-year col­lec­tions.

“There was enough change in the di­gest that it adds about $8,800,” said Fann.

He said that an in­crease in build­ing lo­cally and in new busi­ness de­vel­op­ments has helped make the mill­age rate lower this year but still bring in more money, but that tax­pay­ers shouldn’t count on that as a long term trend.

“Some­times with change comes in­creased costs. What you’re hop­ing for is a bal­ance that saves tax­pay­ers money,” Fann said. “So that’s what we’re hop­ing for.”

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