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Board adopts 85% personal-property valuation option; committee directs new revenue toward EMS and schools
Summary
The Board approved using an 85% ratio of assessed value for several personal property categories (passenger vehicles, travel trailers, motorcycles and RVs), keeping the tax rate at $3.60 per $100; the Finance Committee said the change reduces taxpayer bills by about $600,000 while producing roughly $400,000 in additional county revenue to support EMS and schools.
Administrator Tracy M. Gee presented the county's personal property valuation report and said four categories — passenger vehicles, travel trailers, motorcycles and recreational vehicles — had increased more than 25% in assessed value. The Finance Committee recommended applying an 85% ratio of current assessed value for tax purposes for the 2022 tax year, with the tax rate remaining at $3.60 per $100.
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