Property tax rate remains the same
by Rima Austin | July 2, 2018 8:39 am
White County Commissioners voted June 18 not to increase property taxes in White County.
The rate remains at $2.05 per $100 of assessed value.
When asked what the reasoning was for the decision not to increase the tax rate, Chad Marcum, White County director of finance, said there was no reason to raise it.
“The current economic growth, along with the growth anticipated over the next couple of years should allow the budget to keep up with anticipated demands,” said Marcum.
Marcum went on to state that the budget committee always tries to take a long-term view of situations during the budget process.
“The county does not historically raise the property tax rate often but instead relies on growth of the tax base which is generated from increased economic activity,” he said.
In addition to not raising property taxes, the committee also voted on other matters. They are as follows:
-The General Purpose School Fund amendment was approved by a unanimous vote
-The solid waste disposal fund was approved by a unanimous vote
-The non-profit charitable contributions were approved by a unanimous vote