The Delaware County Board of Commissioners lately introduced the county will institute a 0.5 mill property tax rollback for one yr that may present practically $5 million in tax financial savings for property homeowners within the county.
Based on a launch from the Delaware County Board of Commissioners, Commissioner and Board President Barb Lewis mentioned, “The property tax rollback will present reduction to the best variety of taxpayers in Delaware County and I’m 100% in assist.”
Based on the discharge, Commissioner Gary Merrill was in full settlement the rollback, noting that it’s a part of the county’s effort to mitigate a number of the inflationary burden we’re all going through, he mentioned. The property tax price accessible for present bills of the county is 2.8 mills and Delaware County is at the moment gathering 1.8 mills for present bills. The decision reduces the millage collected to 1.3 mills for one yr and can notice $4,797,620 in tax reduction for Delaware County property homeowners.
The Delaware Commissioners additionally permitted a decision which is able to enable the county’s revenues from an current 0.5% gross sales tax to be pledged in the direction of any future capital tasks. County leaders consider that this transfer will strengthen Delaware County’s monetary place and its AAA credit standing, it being one of many fewer than 100 hundred counties out of over 3000 in the USA to carry the best attainable ranking from two main businesses.