Tax hike included in Woodbury County's budget plans
SIOUX CITY, Iowa (KTIV) -
Woodbury County supervisors are on their way to finalizing the budget for fiscal year 2015 which raises taxes.
Tuesday, County Finance Controller Dennis Butler brought his recommendations to the board. He suggested they use cash reserves to help bring down the tax increase from the number they proposed last week.
The change means property owners will be taxed 36-cents more per 41,000 of taxable value of their homes in the next year.
But, Butler says elected officials have done a great job keeping taxes low...and this is the first raise in many years. "When you look over a 9-year period, we've only raised our tax rate by one penny. That's pretty incredible, considering we've got a tax base poor county," Dennis Butler said.
If the budget is officially adopted at the public hearing on March 11th, Butler says a homeowner with a home with a $50,000 taxable value would pay $18.35 more per year in taxes for county services.
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