There will
be no increase in the tax millage rate this year in Union City. According
to Union City City Councilmen last Tuesday night, the city of Union City
had an increased growth of $18.67 million which represents 40 percent
of the assessed value on the total increase in the tax digest.
City Administrator
Alan Grindstaff says that the increase is due to growth in new construction
and reassessments by the county of property in the city.
"It has
been determined that due to the cost of providing services to our citizens
that the city's millage rate for the year 2003 will remain at 7.5 mills",
he adds.
The law requires
that when a city or county has an increase in their tax digest that taxpayers
of the city or county must be notified through public hearing of increase
if there is not a rollback in assessed taxes. When assessing the available
revenue needed to provide services to its citizenry, the governing body
must consider whether or not it is feasible to rollback the millage rate
equal to the amount that the City's tax digest has grown or increased.
Of the 7.5
mills, 4.5 mills go toward the operations of the general fund and 3 mills
are designated to retire the City's 1997 general obligation bond that
was approved by the citizens of Union City in a bond referendum in 1997
for capital improvement throughout the city.







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