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Morgan County council adopts compromise property-tax scenario after Reedy presentation
Summary
Morgan County council voted unanimously to adopt the proposed 1782 tax-rate scenario after hearing from Reedy Financial Group on assessed-value shifts, SEA 1 deductions and options to balance reserves and taxpayer rates.
The Morgan County Council voted unanimously to adopt the property-tax scenario presented by Reedy Financial Group that adjusts the county levy for budget year 2026, the council announced after a brief called meeting.
Tyler of Reedy Financial Group told the council the higher tax rate shown on the state 1782 notice results mainly from a sharp slowdown in assessed-value growth in 2026. "So that is the main reason you are seeing that property tax rate increase," Tyler said, explaining that the county's assessed-value growth has "shot up high" in prior years but is now plateauing around under 1 percent while the growth quotient used in the formula remained higher.
Why it matters: the 1782 notice is the Department of Local Government Finance (DLGF) step that certifies the county's gateway submission; it shows the tax-rate…
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