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requires a tax rate of 40 cents per $100 of fair market value assessment.
For 1981-82, taxes were applied on the old discounted assessments at a $5.30 rate. Under the old system, the tax rate necessary to support the preliminary 1982-83 budget would be $6.60, according to Cox. Conversely, if this year’s taxes had been based on the new 100 percent fair market value assessments, the 198182 rate would have been 32 cents per $100, the accountant said.
$2.5 Million For Schools
The lion’s share of the draft budget, $2,548,365, is slated for the county's public schools. The total represents a $358,879 increase in school expenses over the current year. Cox projects that the increase will be partially balanced by a $110,000 jump in federal and state school
90.4%