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The real property tax rate is proposed to increase by $.04 per $100 of assessed value, from $0.927 to $0.967 per $100 of assessed value. This is projected to yield an estimated increase of $5.8 million in revenue. Based on state-assessed values, the average impact on taxpayers will be $152. If approved, the new real property tax rate would take effect for the tax year beginning July 1, 2024.
The county income tax rate is proposed to increase from 3% to 3.2%. This increase will yield $3.6 million in additional revenues. If approved, the new county income tax rate would take effect for the tax year beginning Jan. 1, 2025.
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