County’s assessed value of property nears high-billion dollars
by Associated Press
Published: July 11,2013
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.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- UPDATED: House subcommittee tosses discrimination elements from religious freedom bill
- Lawmakers debating alternative to Medicaid expansion
- Chris McDaniel gets a thank you note from Travis Childers
- Senate passes teacher pay raise legislation
- Pickering collects more money from failed beef plant project
- Reactive Surfaces files lawsuit against Toyota in patent dispute
- States settle with manufacturers in DRAM price-fixing case
- Nehi Bottling Company has been a Cleveland fixture for 85 years
- White House hotel making comeback in Biloxi