Madison County property owners can expect their tax bills in the mail this week.
And this year’s property tax payment deadline will be Dec. 20.
Meanwhile, Madison County government entities are planning to make do with less in 2013, as property tax revenues will be down $2.6 million among all of the county’s tax-levying government bodies, including the county government, school system, industrial authority and cities.
Combined, all of the governmental agencies in Madison County collected $19.7 million in 2011, while this year’s local property tax revenues are projected at $17.1 million, a drop of 13.4 percent. Those numbers were taken from each group’s five-year tax history advertised in this newspaper in recent weeks.
The revenue decline is due to the decrease in local property values. For instance, the school system saw its overall real and personal digest (its overall county property value) decrease from $733 million in 2011 to $636 million this year, a drop of just over 13 percent.