Slight Property, Road and Bridge Tax Increases Coming This Year
by dfox
KLPW
September 14, 2011
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The Franklin County Commission unanimously approves the new rates during yesterday’s annual tax levy hearing. Last year’s property tax levy was set at $0.332 per 100 dollars of assessed valuation. This year’s rate jumps almost four hundreths of a cent to $0.336 per 100. Officials say the new road and bridge levy will increase by one-fifth of a cent to a new rate of $0.1978 per 100. The levy for the general revenue fund remains unchanged at 13.8 cents. The estimated revenue for this year’s general fund is about $2,526,000. The road and bridge fund’s estimated revenue comes in at over $3,615,000.
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