MONROE - The tax rate in Green County will continue to dip under the 2017 budget approved Tuesday.
The Green County Board of Supervisors approved the $54 million budget after no public comment at the scheduled public hearing.
Spending is up from this year's projected expenditures of almost $48 million. But that increase in spending is offset by an increase in revenues: $42 million next year compared to $35 million projected this year.
The county is using about $2.5 million from the county sales tax, which is about what it generates in the additional .5-percent tax annually, as well as just over $1 million from the undesignated general fund, to help offset the net tax levy to $15,350,000 - slightly above 2016 net tax levy of $15,039,097.
Equalized value throughout the county increased from $2,658,000 last year to $2,776,000 for 2017. That results in a tax rate of $5.53 per thousand of a home's value, compared to $5.658 in 2016. In actual dollars, that means the owner of a home valued at $100,000 will pay $553 in taxes for county purposes for 2017; that some homeowner would have paid $565.8 for 2016.
The Green County Board of Supervisors approved the $54 million budget after no public comment at the scheduled public hearing.
Spending is up from this year's projected expenditures of almost $48 million. But that increase in spending is offset by an increase in revenues: $42 million next year compared to $35 million projected this year.
The county is using about $2.5 million from the county sales tax, which is about what it generates in the additional .5-percent tax annually, as well as just over $1 million from the undesignated general fund, to help offset the net tax levy to $15,350,000 - slightly above 2016 net tax levy of $15,039,097.
Equalized value throughout the county increased from $2,658,000 last year to $2,776,000 for 2017. That results in a tax rate of $5.53 per thousand of a home's value, compared to $5.658 in 2016. In actual dollars, that means the owner of a home valued at $100,000 will pay $553 in taxes for county purposes for 2017; that some homeowner would have paid $565.8 for 2016.