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Century To Talk Budget, No Property Tax Increase
August 1, 2012
The Century Town Council will hold a second budget workshop Thursday afternoon.
During the workshop, supervisors will present budget proposals for their individual departments for the 2012-2013 fiscal year that begins October 1.
The proposed ad valorem millage rate remains at .9048 for third consecutive year. That’s equal to about $90 per $100,000 in taxable value on a piece of property. One mill is equal to $1 in tax for every $1,000 in assessed value.
The tax generates less than $30,000 per year for the property tax levy.
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