Next Monday, Feb. 24, the Carroll County Board of Supervisors will hold a public hearing introducing the Fiscal Year (FY) 2021 maximum tax levy rate. As a part of the annual budgeting process, County Auditor, Kourtney Irlbeck, presented a worksheet that shows the impact the proposed rates will have on residences, a 40-acre tract of land and commercial properties that are valued at $1 million. One of the key factors in calculating the actual tax impact to property owners is with the application of rollbacks. These statewide percentages are used to lower the assessed values of properties to “cushion the impact of inflation” on residents. For example, a home valued at $125,000 is rolled back by 55.0743 percent to a new assessment valuation of more than $68,800. With an urban levy rate at 4.60516, this will result in an increase of only $17 for that residence. The rural levy will be 7.9877 and the rollback at 81.4832 percent on a 40-acre tract of land. This equals an increase of $26 for that property. There is no rollback on a commercial property valued at $1 million. With a rate equal to that assessed on urban properties, the commercial entity can expect an increase of $348 on that million. These rates do include the mental health and debt service levies. A copy of the worksheet showing rates and taxes since 2012/2013 can be found included below. The first budget public hearing will be held during the supervisor’s regular meeting. That meeting begins at 9 a.m. in the supervisor’s board room at the Carroll County Courthouse. The public hearing is scheduled for 10 a.m.
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