In a surprising decision last
week, the Fayette County Commission decided to lower the millage rate
for the county's property owners.
Usually, millage decisions
are done in September when the final tax digest is completed, but the
county's finance director Mark Pulliam said the County Commission wanted
this done now.
"During the budget process,
the commission wanted to see if this was possible," he said.
Pulliam believes the rate can
be lowered by at least .46 mills, and possibly more, and still fund this
year's budget.
The county's property values
rose because of reassessments, but Pulliam said the rate will be rollbacked
and reflect only the natural growth of the county.
Last year, the millage rate
was 6.64 for the unincorporated county and 7.59 mills for incorporated
residents.
Pulliam said homeowners with
a $200,000 home should see their property tax lowered by at least $30
this year.
The County Commission was thrilled
to hear Pulliam's report, but Commissioner Herb Frady wondered why the
county was doing this now, instead of waiting for the final tax digest
figures.
"I've said we need to
live off of our natural growth for years," he said.
The County Commission voted
unanimously to lower the rate.
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