Appraising Your Taxes

Penny Tax
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The budget passed by the Meridian City Council Tuesday restored a number of cuts council members had proposed.

Mayor John Robert Smith said the action would mean more federal money through matching grants.

"In one case, we'd have lost $15,000," said Smith. "We had to put up five; they had 15, they being the feds. And that was a $20,000 project we wouldn't have gotten. It's pointless to tax the people for the money and then let it sit and not put it into production."

But both the Mayor and City Clerk Ed Skipper denied reappraisal would mean a financial bonanza for the city treasury.

"The total ad valorem tax collected from the city is not projected to increase but approximately $250,000 for this year over last year," said Skipper.

The clerk said he expects the average tax increase to be only about two percent for both houses and car tags.

"I'm not going to tell you that an individuals is going to be more or less than that. On the automobiles it's a function of whatever the assessed value by the state is," said Skipper. "I would think logically that's what it should be but if they've changed assessed values of a particular model or a particular manufacturer more than that then it may be more than that."

The actual amounts are out of their control, a function of another government. Only when you get your tax notices will you know for sure what your assessment, and actual tax in dollars, is.