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Consultant warns new state tax law could cut county property tax revenue by roughly $518,000 next year
Summary
Baker Tilly presented a draft financial plan showing how House and Senate changes to property-tax and local-income-tax law could slow assessed-value growth, increase circuit-breaker credits and require new local decisions on LIT rates.
A Baker Tilly representative told the Decatur County Board of Commissioners on July 21 that state tax changes will likely slow growth — and in some cases reduce — the county’s net assessed value and could lower property-tax collections beginning in 2026. Queen Statham of Baker Tilly said the firm’s preliminary estimate from the Legislative Services Agency projects a 2026 reduction in county property-tax revenue of about $518,000, and that effect could grow through 2031 as several deductions and credits are phased in. The consultant listed several…
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