From the Richmond Palladium-Item:
The property tax rates for the city of Richmond and for Wayne County are down slightly this year, but that doesn’t mean all taxpayers will pay less.
Tax rates were published this week, meaning they are set for the 2012 tax year, payable this year.
“They are now set in stone,” said county Auditor Karen Stevens. “But what people have to realize is that just because the tax rate has gone down doesn’t mean that everyone’s taxes will go down. It depends on several other things, especially the deductions a taxpayer has.”
The tax rate for Wayne County dropped from .7440 per $100 of assessed value to .7412. For the city of Richmond, the tax rate dropped from 3.0974 in 2011 (payable in 2012) to 2.9740.
The tax rate for Richmond Community Schools fell from .06427 last year to 0.5546 this year.
Wayne County Treasurer Cathy Williams said tax statements will begin going out to taxpayers April 15.
“We will get them in the mail around that time and residents will begin seeing them shortly after that,” she said.
Tax rates are established by matching assessed value of property, budgets for the various taxing districts and deductions plus the tax caps established.
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See the full article here:
http://www.pal-item.com/apps/pbcs.dll/article?AID=2013303290012
