Thursday, July 21, 2011
Tax picture improves
By SUE WATSON
In a recent update on the delinquent taxes this year to date, tax collector Betty Byrd said state revenues may be improving in light of an increase in the legislative tax credit for automobile tags.
The tax credit last year was 4.275 percent but has been raised by the Legislature to 5.75 percent, a 1.5 percent increase, she said. That translates into a savings of $40.05 on her registration sticker on her 2006 Mustang, she said. A 2010 Dodge which would have cost $492.66 in license plate registration went down by $128.52, she said.
“The state must be seeing some benefits that are showing up in the economy,” she said. “The economy may not be all that bad because if the funds were not there, the Legislature would not raise the tax credit. In good years, they can give more credit and take it back down in bad times.”
Byrd reported on the outstanding uncollected real property taxes for the year – 3,800 parcels of real property have $2.3 million in taxes owed, with $1.4 million of that owed to the county, Byrd said. There are 243 parcels of personal property that have $283,000 in delinquent taxes owed with $144,000 of that owed to the county, she said.
The delinquent tax sale comes up in August and anyone who has not redeemed their taxes will have their property put in the tax sale. Taxes come due February 1 each year and individuals have until the August tax sale to redeem their taxes at the tax collector’s office and to pay fines and fees. After the tax sale, individuals will have to go to the chancery clerk’s office to redeem their property taxes or risk losing their property entirely to the tax buyer.
Juanita Dillard, tax assessor, reported that the land roll for mobile homes and personal property will be open for public view until August.
She said the county’s valuation has increased by 1 percent this year over the valuation in 2010, another sign, albeit weak, that the economy is improving.
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