Although the new rate is the lowest in five years, it represents a 13.05% increase in revenue or $1.696 million more than last year.
According to a document in the BOC’s meeting brief, the tax summary was up 16.2% from a year ago.
Taxes levied on a property will be lower than last year’s rate, but higher than if the BOC had adopted a full reduction rate. Due to an increase in assessed land values, the county will collect more revenue. Thus, the rate change is not considered a tax reduction.
For a house worth $375,000, about the average for a house in Dawson County, the newly enacted rate of 7.2225 mills would levy $2,859.38 in taxes per year. The previous mileage rate, 7.625 mils, would charge $2,708.44. If the rate had been fully reduced to 6.82 mils, $2,557.5 would be taken, according to chief financial officer Vickie Newkirk.
In practical terms, this means a homeowner with a $375,000 home would see an increase of about $60.38 in county property taxes. These figures represent taxes before any exceptions for which the taxpayer is eligible.
When a citizen raised concerns about her property taxes increasing by 22 percent, District 2 Commissioner Chris Gaines said the school system’s assessed value and mileage rate also affected school property taxes. ‘a person.
“What we’re proposing tonight is not to set it at the highest possible amount,” Gaines said. “We’re suggesting removing it to help mitigate some of those increases that people have seen in the valuation.”
Among Dawson County residents and homeowners, 82% saw the value of their residential property increase, with the increase averaging 19.8%.
Values for single-family homes or home improvements have risen an average of 21.5%, consultant Kelly McCormick previously told DCN.
“The way it’s broken down in general is about 66 percent is school taxes and about 33 percent is county taxes,” Gaines said of the two different mileage rates.
BOC Chairman Billy Thurmond added that there may be an appeal if a person files an appeal with the Office of the Tax Assessor, which has a separate board and process for handling appeals. Homeowners may also qualify for homestead exemptions. More details are available at https://www.dawsoncounty.org/taxassessor/page/appeal-information.