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Clinton Tax Levy Numbers Released; Slight Increase in Property Values

 

Clinton recently received this year's tax levy numbers.

The levy amount this year saw a slight increase, going up to just under $1.5-million. Treasurer for the City of Clinton, Clint Lichtenwalter says the increase is based on the Equalized Assessed Value(EAV), which will result in a slight increase in property taxes.

[audio:taxlevy1.mp3]Lichtenwalter On This Year's Numbers[/audio]

Each year assessors make their way throughout the city and assess each property's value. City Administrator for Clinton, Tim Followell points out, during uncertain economic times, such as the ones we are currently in, the values of property are more likely to fluctuate.

[audio:taxlevy2.mp3]Followell On Fluctuation Of Values[/audio]

While property values are increasing thanks in part to new homes being built, Followell adds EAV's are not only based on home values, but also business values. He points to a couple of local businesses who have made some extensive upgrades to their buildings over the past couple of years to help in this increase.

[audio:taxlevy3.mp3]Followell On Business Upgrades[/audio]

The tax levy goes to several places. Lichtenwalter says it goes to general funds, police and fire protection, also ESDA and some to the yard waste facility.

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