Madison County’s overall property value is expected to dip nine to 10 percent this year. That means local governments can expect less revenue off local property taxes — unless they raise tax rates to offset the drop.
Madison County chief appraiser Robin Baker said House Bill 346, which was passed in 2010, has greatly affected local values. That law mandates that the sale price determines the value of a property for the first year after a sale.
“(HB) 346 is making us put the sales value on it for the first year,” said Baker. “So we’ve lost a lot of value there, because of the foreclosures. A home we may have had $150,000 on was foreclosed and it sold out of foreclosure for $70,000. Well, we have to carry the $70,000 for the first year. And that goes for commercial, residential, vacant land, everything.”
The vote isn’t for another year and a half, but the decision on whether to approve a penny tax for roads is on local leaders’ minds.
County commissioners listened to three citizens March 7, who took the podium to talk about local road issues and the potential transportation sales tax, which is set to go before voters Aug. 21, 2012.
If approved, the sales tax would bring in an estimated $1.4 million annually for Madison County road projects. The county currently takes in about $650,000 a year on its current special purpose local option sales tax (SPLOST). [Full Story »]
Leaders say too much money already sunk into sinking building
The Fine Finish building off Hwy. 98 was constructed on top of an old landfill and the front of the structure has been gradually sinking ever since. Though the cracking building was patched up years ago, the sinking continues and new cracks have formed.
So, it’s finally time to quit throwing money at the problem, time to move. That was the word from the county commission table March 7.
The Fine Finish facility serves as a daytime center for mentally and physically challenged adults of Madison County. [Full Story »]
The Madison County Library expansion project is moving forward. And a construction groundbreaking is set for 11 a.m., March 17, at the library.
Salloum Construction Company of Athens has been hired to expand the library. And county commissioners voted Monday to provide the sales tax money voters approved in 2008 for the project.
The expansion project will increase the library’s size from 10,000 to 17,500 square feet. The library now holds 32,226 books, audio and visual materials. The expansion will give the facility a 100,000 capacity for such materials. [Full Story »]
The vote is here — keep a penny per dollar for education or scrap it?
Madison County voters will hit the polls Tuesday to consider renewal of the education special purpose local option sales tax (E-SPLOST). Madison County’s 11 polling places will be open Tuesday from 7 a.m. to 7 p.m. Registered voters interested in casting an early ballot can does so through Friday during regular business hours at the county registrar’s office. There will be no early voting Monday.
As of March 8, 136 people had voted in the registrar’s office, with another 115 submitting absentee ballots to the office. [Full Story »]