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News


12/08/2017

THE MARTIN COUNTY COMMISSIONERS HELD THE TRUTH IN TAXATION PUBLIC HEARING LAST NIGHT. THE MEETING INCLUDED A PRESENTATION OF THE PAYABLE 2017 TAX BASE ANALYSIS FROM COUNTY ASSESSORS OFFICE..

THE ESTIMATED MARKET VALUE IN THE COUNTY INCREASED BY 1.8 PER CENT FROM LAST YEAR. WITH TAX CAPACITY UP 2% FROM LAST YEAR. AGRICULTURAL ESTIMATED MARKET VALUES ARE NOW 71% OF THE TOTAL DOWN FROM 77% DURING THE AG LAND SALES BUMP OF 2012-14 ACCORDING TO THE ASSESSOR.

RESIDENTIAL MARKET ACTIVITY HAS CONTINUED A SHALLOW BUT STEADY 3% CLIMB IN MOST JURISDICTIONS WITH ESPECIALLY STRONG SALES ON THE MORE POPULAR LAKES THROUGHOUT THE COUNTY. COMMERCIAL INDUSTRIAL HAS INCREASED 2% WITH CONSTRUCTION OF OFFICE/RESTAURANT/RETAIL IN FAIRMONT, CHANGE FROM EXEMPT ON AG CONTAINMENT STRUCTURES AND THE EXPIRATION OF JOBZ IN FAIRMONT ACCOUNTING FOR MOST OF THE INCREASES.

A PRESENTATION AND REVIEW OF THE 2018 PROPOSED BUDGET AND LEVY WAS GIVEN BY MARTIN COUNTY AUDITOR TREASURER JIM FORSHEE. THE 2018 PROPOSED BUDGET IS 28.3 MILLION, REQUIRING A LEVY OF 15.8 MILLION, A 5.69% TAX LEVY INCREASE. PUBLIC INPUT AND BOARD DISCUSSION ON THE PROPOSED BUDGET AND LEVY WAS ALSO A PART OF THE TRUTH IN TAXATION HEARING LAST NIGHT.


ROD HALVORSEN
© 2015 KSUM KFMC


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