Fenner tax rate likely to drop for 15th consecutive year

— The 2014 tax rate for the town of Fenner most likely will decrease for the 15th year in a row, said Town Supervisor Russ Carey at the board’s Oct. 9 public budget hearing. While the final tax rate will not be known until Madison County releases the final county sales tax disbursements for each town, the tax rate in Fenner likely will decrease by a few cents per $1,000 of assessed value, Carey said.

“We feel that with 1.6 percent inflation and good growth, we should be able to stay with that [state 2 percent tax cap] and still provide good town services,” Carey said.

The Fenner tax rate in 2000 was $6.27 per $1,000, according to Carey, while in 2012, according to the Madison County Office of real property Tax Services, it was down to $3.33 per $1,000. This year’s tax rate should go down “a few pennies” per thousand, Carey said.

The sales tax revenue in Madison County increased this year by 5 percent, which is good for Fenner because that shared revenue makes up about 50 percent of Fenner’s total town revenues, Carey said. The more county tax revenues the town receives means less land taxes town residents have to pay each year, he said.

“So buy local — it helps us all out and lowers your taxes,” Carey said. “It really makes a difference on your tax rate, and the county tax rate.”

After ending the public budget hearing, during which there were no public comments, the town board voted to approve the tentative 2014 town budget, making it now the preliminary town budget that is available for public review. The public may submit comments on the budget to the board until the board officially closes the public budget hearing at its November meeting. The board can still make adjustments to the budget until it officially adopts the preliminary budget as the final budget, Carey said.

Vote on this Story by clicking on the Icon


Use the comment form below to begin a discussion about this content.

Sign in to comment