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Cole County schedules public hearing on 2025 tax levies after new assessed‑value totals arrive
Summary
County staff briefed commissioners on new assessed value totals and state calculation limits that reduced local tax levy ceilings; the commission set public hearings for next week to finalize the general revenue and public works levies.
County staff presented updated assessed‑value totals from the Board of Equalization and explained how state formulas and the cost‑of‑living index affect tax levy ceilings. Staff said the state auditor’s prescribed calculation yields a lower ceiling for the public works levy this year and that the formula’s interaction with assessed values and the CPI produced a reduced general revenue ceiling as well.
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