Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget topic
No spam. Unsubscribe anytime.
Council adopts millage rollback after 2024 reassessment
Summary
Staff told council that 2024 reassessment increased county property values ~7.24%, requiring rollback of several millage rates; council amended the budget ordinance to implement the rollbacks.
During discussion of an ordinance amendment to the county budget, Administrator Yoakam told the council that the assessor’s office completed the 2024 reassessment and that state law requires the millage rate to be rolled back when values rise. “Florence County's property values increased approximately 7.24% as a result of reassessment,” Yoakam said, and staff provided the revised rollback rates for the general fund and special funds.
Yoakam read the proposed rollbacks: the general fund would move from 89.9 mills to 83.5 mills; the debt service fund from 10.1 to 9.2 mills; United Fire District operating from 19 to 17.9 mills; United Fire District debt from 3 to 2.9 mills; and Florence‑Darlington Tech millage from 4.9 to 4.6 mills. Council adopted the ordinance amendment on voice votes.
Why it matters: millage rollbacks adjust tax rates to reflect reassessment‑driven valuation increases and reduce the tax burden per assessed value point. Property owners and taxing districts should expect the adjusted rates to be reflected in upcoming tax notices and county budgeting.
