Tag Archives: Property Tax

Putnam County Penny Rate values projected to increase property tax revenues for the county and the school system of some $800,000 each. The rate is the amount of money generated by a penny on a county’s property tax rate. Mayor Randy Porter told the Budget Committee Thursday night that the county property assessor projects about $220,000. “From prior years, we ... Read More »

Algood City Council has set its property tax rate at 0.3963 per $100. City Administrator Keith Morrison said that rate is the same as last year’s. He said that the council did not feel the need to take in more money through a rate increase, as they were making good progress as is. Morrison said that the tax rate has ... Read More »

It’s time to pay your property taxes to avoid extra interest costs once February passes. Overton County Trustee Peggy Clark Smith said tax payers have several options to make payments. “You can pay cash or check when you come in, or you can mail it in with a check,” Smith said. “We also have the capability to go online and ... Read More »

Property tax notices are around the corner and Putnam County residents can start making payments before they get notified by mail. Trustee Freddie Nelson said payments can start on Monday, mailed notices are expected to arrive mid-October. Nelson said residents do not have to pay all at once, but should not drag out their payment plan. “As long as they’re ... Read More »

The Putnam County Budget Committee recommended a 10-cent property tax increase for the coming year during its Monday meeting. Five cents would go to the county general fund, and five cents go to the schools. Budget Chair Ben Rodgers said the increase is based on the new tax rate after reassessment. “The rate is lower than it was, it was ... Read More »

The period for property value appeals has ended in Putnam County. Property Assessor Steve Pierce said it was amazing that the board of equalization only heard appeals for a few hours. Pierce said the county board of equalization mostly heard from commercial properties. He said now appraisal data will be compiled and sent to the state so the county can ... Read More »

Van Buren County has approved its final budget and property tax rate for the fiscal year. Mayor Greg Wilson said the comptroller’s office gave a tax rate recommendation of $2.3992, which the county rounded to $2.40. Wilson said this was the rate necessary to maintain current revenues. Wilson said he’s optimistic about revenues. “In the last few weeks, couple of ... Read More »

Baxter has approved its final $1.2 million budget for the next fiscal year. Mayor John Martin said that new commercial growth is expected to boost revenues for the city. Martin said infrastructure and new vehicles were areas Baxter wanted to target. “We’re looking at a Fast Lane project to repave quite a bit of that,” Martin said. “It’s going to ... Read More »

State reimbursement for Putnam County’s tornado-related tax short falls has been put on hold. Representative Ryan Williams said Governor Bill Lee’s office and FEMA have recommended to wait and see if excess revenue could fill the gap instead. “The costs associated with the tornadoes will be in by the end of this calendar year, which leaves a quarter left in ... Read More »

Livingston’s new fiscal year budget will include a five cent increase in property taxes. The Livingston Board of Alderman held the first reading of the budget for fiscal year Monday night. Vice Mayor Ken Dodson said he thinks the board should move forward with the MTAS recommended increase. “I just think anyone that has given us advice on this has ... Read More »