In a recent government meeting, officials addressed the ongoing misconceptions surrounding property taxes in Warren County, particularly the common belief that Macy has the highest taxes in the area. Contrary to this perception, officials clarified that Middletown actually holds this distinction, followed closely by Franklin and Kings. The discussion highlighted the correlation between a community's taxable property wealth and its tax rates, emphasizing that areas with lower property valuations must impose higher tax rates to cover essential services like police and fire.
The meeting also touched on the significant tax increases expected for farmers in the county, particularly those enrolled in the Current Agricultural Use Value (CAUV) program. Officials noted that many farmers could see their taxes double due to changes in property valuations, although their overall tax burden remains relatively low compared to market rates. This impending increase is anticipated to cause frustration among less informed landowners, particularly those with smaller parcels who may not fully understand the implications of CAUV.
Additionally, the meeting addressed the reassessment of commercial property values, which have historically remained flat. Officials announced a planned 10% increase in commercial property values to address disparities between properties that have sold and those that have not. While this adjustment is expected to have minimal impact on tax bills, it may surprise commercial property owners who have not experienced such increases in the past.
Overall, the meeting underscored the complexities of property taxation in Warren County and the need for ongoing education to help residents understand the factors influencing their tax rates and property valuations.