PURVIS — With solid growth for the past 20 years, the assessed value of property, homes and other assets in Lamar County is approaching the half-billion dollar mark, continuing to bolster county revenue.
The Hattiesburg American reports the county’s current assessed valuation, the total of taxable property, stands at over $498 million, up more than $7 million from 2012.
In 2000, the county’s assessed valuation was over $244 million.
The increase in property value is good for the county budget, but it also means county taxpayers will see a small increase in their tax bill.
County Administrator Chuck Bennett said the county is entering 2014 on solid financial footing from a revenue and expenditures standpoint. The new fiscal year begins Oct. 1.