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Chickasaw supervisors review 2025 revaluation and new maximum levy rate
Summary
County assessor presented 2025 revaluation results showing taxable-value growth; supervisors discussed rollback methodology, new maximum levy rate (3.39806) and options for allocating growth between general basic and general supplemental funds ahead of budget work sessions.
Chickasaw County officials spent a substantial portion of the Dec. 22 meeting reviewing 2025 revaluation figures and the resulting implications for levy rates and county budgets.
Ray, the county assessor, outlined the county’s 100% value changes, new construction figures and the state rollback methodology that feeds into taxable-value growth calculations. He said the county recorded taxable growth of about 8.84 percent and revenue growth near 5.67 percent, which the auditor and assessor used to compute a new maximum levy rate of 3.39806 for general basic and rural service valuations.
"So we actually get general basic and RSV to be triggered down to 3.39," the chair said while presenting the levy calculation. Ray explained the projection methodology, noting that agricultural values use a five-year productivity formula and that final Department of Revenue figures can alter the numbers used for certification.
Board members discussed strategies for budget setting: whether to leave higher revenue in the general basic fund, trigger general supplemental funds, or adjust departmental budgets before certifying the levy. Several members noted the potential for state legislative changes (House File 718 was referenced) that could alter allowable levies or credits and emphasized the need to proceed under current law while remaining flexible.
The board scheduled further budget work sessions in early January to finalize department requests and set levy recommendations ahead of the statutory certification deadlines.
