Tax break for homeowners may mean tight La Plata budget

Tax break for homeowners may mean tight La Plata budget

State rule could deplete tax revenue, additional $800,000 in 2018
The state will set a new residential property tax assessment ratio this year, which will translate to a break for taxpayers and possibly an $800 decrease in revenue for the county – on top of other revenue shortfalls.
Calculating new property tax

If the residential assessment ratio decreases from 7.96 percent to 6.85 percent as projected, a county home owner with a house with an appraised value of $400,000 would pay about $38 less on this particular tax under the current county mill levy of

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Tax break for homeowners may mean tight La Plata budget

The state will set a new residential property tax assessment ratio this year, which will translate to a break for taxpayers and possibly an $800 decrease in revenue for the county – on top of other revenue shortfalls.
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