| Public hearings
set on county tax rate
By DAVE
HAMRICK
dhamrick@TheCitizenNews.com
This is your chance to tell
Fayette County commissioners what you think about your taxes.
Public hearings on Fayette County's property tax rate are planned Sept.
28 and Oct. 5.
Sept. 28 hearings are at 9 a.m. in a called session, and during the commission's
regular meeting at 7 p.m. The Oct. 25 hearing is at 7 p.m., also during
a regular meeting.
Tax rates for maintenance and operation will increase from 6.31 mills
to 7.556 mills for residents of Fayette's cities and from 5.21 to 6.562
mills for unincorporated county residents, under proposed rates tentatively
approved in a special called meeting Monday morning.
The increase will be offset for residents of the unincorporated areas,
as well as in Tyrone, Brooks and Woolsey, by a reduction in the fire tax
rate, from four mills to 3.778.
A mill is $1 per thousand of a home's assessed value, which is 40 percent
of its market value, minus exemptions. Thus, the owner of a $200,000 home
would pay about $72 per mill.
The increase in taxes to the owner of a $200,000 home in unincorporated
Fayette will see a M&O tax increase of about $90, and a fire tax reduction
of about $16.
But that's not all. A person whose home was valued at $200,000 in 1999
will probably pay taxes on a higher value this year, because tax assessors
conducted a state-mandated reassessment of almost all of the property
in the county.
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