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Tax digest up 61.8% The Early County Board of Commissioners and the Early County Board of Education will meet Sept. 18 to set their millage rates for the coming year. The new millage rates will be set based on the tax digests shown in the five-year tax digest and millage histories published in this week's News. The Early County tax digest reflects a whopping increase of $198,464,316, a 61.8 percent increase, as result of the mandatory property revaluation recently completed by the Board of Tax Appraisers. The gross digest grew from $321.6 million to over $520 million. In the unincorporated area the digest grew from almost $225.5 million to over $392 million, a 74 percent increase of $166,780,713. There was a 33 percent increase in the digest in the incorporated areas of $31,683,603 - from just over $96 million to nearly $128 million. According to the notices published in this week's News, the county plans to set their millage at 9.050 mills - a decrease of 4.95 mills - in the unincorporated area of the county. The 9.050 mills will produce a projected $2,882,158 - an increase of $170,297 over last year. In the incorporated areas the county will levy 9.460 mills - a decrease of 5.23 mills - which will produce $1,098,898, a decrease of $136,026 from last year. Combined, the county will collect a total of $3,981,055 in ad valorem taxes - an increase of $34,271, or .87 percent, over last year - to help balance the $7.1 million county FY 2007-08 budget. The school board plans to set the 2007 tax millage at 13.5 mills, a reduction of 4 mills from last year. However, those 13.5 mills are projected to produce $5,837,300, an increase of $1,011,456 over the taxes generated by last years 17.5 mills. The school board has adopted an $18.6 million FY 2007-08 budget. The school board will be required to hold public two hearings which are scheduled for Sept. 10 at 10 a.m. and 6 p.m. In addition to the whopping increase of the overall digest, the increase in exemptions should also be noted. The exemptions in the digest increased from just under $46 million to almost $88 million this year. Most of the additional exemptions came in the form of Preferential Farm Assessments and Conservation Use Assessments, both sparked primarily due to property revaluations. Additional exemptions include the Homestead Exemptions and Five-Year Industrial Exemptions.
The tax bills are expected to be in the mail by the middle of October. Ad valorem taxes are due Dec. 20.
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