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Madison County certifies estimated rollback rates for 2025 assessments
Summary
The board certified estimated rollback millage rates for 2025: unincorporated at 9.187 mills and incorporated at 10.376 mills, to support property assessment notices and budgeting under new state rules.
County staff asked the Board of Commissioners to certify estimated rollback millage rates for 2025 so tax assessment notices can be prepared under the changes required by House Bill 92.
Tax official testimony at the meeting explained the estimated rollback is the rate that would raise the same amount of tax revenue as the prior year after changes in assessments; staff said they calculated the rollbacks and added a 10% cushion to avoid exceeding the estimated rate when final millage is set.
Commissioners asked technical questions about the components of estimated growth. County staff explained that “anticipated growth” includes schedule (inflationary) value changes that are system-generated and separates that from new construction. Staff said the millage certification must be returned by cities and other taxing authorities so settlement notices can be issued in time for the tax process.
The board approved the presented estimated rollback rates: unincorporated at 9.187 mills and incorporated at 10.376 mills. The vote authorized staff to use those figures in assessment/rollback notices and to continue work on final millage and budget discussions.
The board discussed House Bill 92 and noted ongoing adjustments as counties implement the law; staff warned there will be a learning curve in applying new definitions and procedures.
The action recorded was certification of the presented estimated rollback figures; no change to the final millage was adopted at this meeting.
