Fiscal Year 2002 Tax Rates Certified

Published December 19, 2001 | Board of Assessors | Automatically Archived on 6/30/2002

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The certified Fiscal Year 2002 tax rates are as follows: Residential $17.09/$1,000 of assessed valuation, Commercial, Industrial and Personal Property: $23.09/$1,000 of assessed valuation. With the exception of physical changes to properties, i.e. improvements, additions, alterations, etc. the assessed valuations for all property types did not change from 2001. The overall tax increase is approximately 9.8%. The first two preliminary tax bills for fiscal year 2002, reflected a projected across the board increase of 11%. The final two quarters will reflect the adjustment in the percentage increase.