Yazoo City and Yazoo County taxpayers are getting some good news as neither local government plans to increase ad valorem taxes for the upcoming year.
City taxpayers will see a 2.26 mill increase, however, as the Yazoo City Municipal School District is requesting a rate increase.
Yazoo County will not raise millage rates, and the Yazoo County School District is not seeking a millage increase.
City
Public Hearing
A public hearing on the proposed budget will be held on Monday, Sept. 12, at 5:30 p.m. in municipal courtroom at the Yazoo City Police Department.
Yazoo City currently operates with a total budget revenue of $5,442,282. For the next fiscal year, the city has proposed a projected revenue of $5,655,325.
“The city of Yazoo City plans no increase in ad valorem taxes,” the public notice reads. “A millage rate of 55.68 will produce the same amount of operating revenue from ad valorem taxes as we collected the prior year.”
The millage rate for the prior year was 56.46.
However, the city school district will be planning to increase its millage rate from 52.91 mills to 55.17 mills.
“This increase means that you will pay more in ad valorem taxes on your home, automobile tag, utilities, business fixtures and equipment and rental real property,” the notice continues. “A millage rate of 51.19 will produce the same amount of revenue from ad valorem taxes as we collected the prior year. The millage rate for the prior year was 52.91.”
Any citizen may attend the public hearing and will be allowed to speak for a reasonable amount of time before any vote is taken by city leaders.
County
Public Hearing
Yazoo County will hold a public hearing on Sept. 6 at 9 a.m. at the Board of Supervisors meeting room.
Yazoo County is now operating with projected total budget revenue of $16,636,843. (63.67 percent) or $10,592,677.94 of such revenue is obtained through ad valorem taxes, which would be produced by 65.94 mills in fiscal year 2016—2017.
For the next fiscal year, the proposed budget has total projected revenue of $16,728.311. Of that amount, (63.75 percent) or $10,647,086.00, is proposed to be financed through a total ad valorem tax levy.
