Saturday, May 10, 2008
Election Is Over; Tax Bills To Follow
The state has finally approved tax rates for last year's taxes based on the reassessment of real property in Marion County according to the Star's Tim Evans. The good news is that tax bills for many will be falling because the reassessment added $4.5 billion to the county's total assessed valuation from what you were originally billed last year. The bad news is that you will be making a third payment this year to offset the difference between the amount you paid based on the old rates and assessments and the new rates and assessments, along with two additional payments for this year's taxes. Bills to cover the third payment are expected to go out in June, while this year's tax bills won't be mailed until August.