 UPDATED:
03/02/2008
Morgan County
Summary: Morgan County
will operate on a 2005 budget of $11,624,270. Of that amount, $6,206,327 will be
funded by property tax dollars. The County Commission will adopt a millage rate of
10.70, the same rate as last year.
The mathematically-correct
millage rate is 9.635.
The arbitrarily high rate
proposed by the Commission will overtax Morgan County property owners by at least
$685,000 more than is
necessary to fully fund this year's budget.
The owner of a $150,000** home in
Morgan County will pay $642 in county property taxes, about $63.90 higher than what
would be required with a mathematically-correct millage rate.
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**assessed value. This value does not include exemptions, which may lower your actual tax liability.
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