St. George mil rate, valuation see slight increase

By Louis Bettcher | Aug 01, 2017
Photo by: Louis Bettcher The sculpture "St. George and the Dragon" by Robert Daniels stands outside the St. George Town Office.

St. George — This week tax bills will be sent to residents of St. George. The town's mil rate and property valuations reflect a slight increase from the previous year, as does the amount of money raised for county, municipal and school appropriation.

St. George's total property valuation has increased by nearly $1.5 million from last year, for a total of approximately $863,559,300.

The mil rate in St. George rose from $8.40 per $1,000 of assessed property value in 2016 to $8.70 per $1,000 for 2017. Finance Director Elizabeth Curtis said the town budget for the 2018 fiscal year is up, and that the reduction in fund balance funding required an increase in the mil rate.

"The Town used $125,000 in fund balance for this budget; last year the amount was $250,000," Curtis said.

The town will also be contributing increased monies versus the previous year for municipal, county and school appropriations, for a combined total of $7,621,764 to be raised. Of this the largest amount, $4.9 million, or 68 percent, represents school costs. This year's school appropriation is up $200,000 from the previous year.

The assessment for Knox County is up about $14,000, for a total of $814,772. In addition, town costs are up, for a total of $1,845,987, an increase of $142,144 from last year.

Taxes are due Sept. 30 and March 31, 2018, and a 7 percent rate will be assessed after the second date for any unpaid taxes.

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