Monday, July 11, 2016

Significant Tax Increases for Webster Property Owners

As referenced in earlier articles on this blog, Webster County real estate owners will be paying significant increases in their property taxes.

Today, the County's taxing authorities started sending out the real and personal property tax statements.  The editor of this blog is a resident landowner.  Last year's real property taxes totalled $476.25.  This year's bill increased to $533.78, an approximate 12 percent increase.  

According to the real property tax statements, the Assessor raised the assessed value of the real estate by just over 20% but the rate at which the property was taxed was slightly reduced, amounting to the net increase in taxes by 12 percent.

There is now no longer any doubt that taxes had to be raised to cover for the lack of coal tax severance revenues and the ever ballooning regional jail bill, which now sits at over $1.5 million.

Other Commentator readers are encouraged to comment on how much their taxes were raised when they receive their tax statements.

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