Unless it invokes special procedures, Marion County will have to reduce its property tax rate by 12.7% next year to comply with a new state law discouraging increased spending attributable to valuation windfalls. Primarily because of the end of a 10-year exemption for the Keystone pipeline crossing the county, the county will be able to raise as much money for 2022 as it raised for 2021 by imposing a tax rate of just 66.412 mills instead of its current 76.048 mills, county clerk Tina Spencer said Monday. Don’t expect the county to cut its rate by 9.363 mills, however.
Source: HILLSBORO Star-Journal
