Severy Residents To See Property Tax Increase
With the City of Severy moving forward with plans to refurbish their water plant, the Severy City Council made a decision regarding how residents of Severy will be impacted financially.
The council had the option of putting the fees for the plant upgrade on monthly water bills, property taxes or splitting it amongst the two. Council president Gary Whittaker commented, “My input on this deal is that 100% of the expense be added to the taxes.” He shared that this would allow the city to keep the water rate unchanged, but noted that there are properties in the city limits that don’t utilize water. The council approved to put 100% of the expense onto the personal property tax roll. By putting it on the taxes, those property owners would assist in paying down the bond. It was mentioned that a $50,000 appraised home would see an estimated property tax increase of $600 per year. The council will get more specific details on the increase after discussing the matter with Rick Ensz with Cooper Malong McClain, Inc., who is working on the General Obligation bond. The council will be asking Ensz how to get the increase noted on the 2018 tax roll and hope to learn additional information at their next meeting.
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