In the meeting Thursday at 6 p.m., the Board of Commissioners is set to vote on accepting the overall millage rate, which includes the county rate and that of the school district.
Last Tuesday, the board voted unanimously to roll back the county rate from 9.999 mills in 2013 to 9.947 mills in an effort to offset the recent increase in property values around Cherokee County.
This decrease results in a $2.08 drop in the tax amount charged for every $100,000 in value a property has. For a homeowner in a $200,000 home, the change takes the annual amount down from $799.92 with the fiscal 2013 rate to $795.76 with the 2014 rate, a decrease of $4.16 prior to exemptions.
The millage rate set to be voted on by the School Board tonight is 19.85 mills, which is the same rate from last year.
At 19.85 mills, homeowners in Cherokee would be charged $794 for each $100,000 in value their home holds, prior to exemptions. For a $200,000 home, the rate prior to exemptions would be $1,588, the same rate from last year. However, with property values around Cherokee County up, some could see a higher tax bill for schools if their home has increased in value.
With 9.947 mills for county operations and 19.85 mills for the school district, the overall millage rate would be 29.797.
This rate would result in an overall tax burden of $1,191.88 prior to exemptions for each $100,000 in value a home holds. For a $200,000 home, the bill would come in at $2,383.76, before exemptions.