The millage for county taxes will increase from 145.3 mills to 148.9 mills, 2.5 percent.
For the school district the millage will increase from 387 mills to 399 mills. However, those with owner-occupied homes will receive a tax credit from the state for the school operating mills of 190 mills, compared to a 91.5 mill credit last year. This is due the state collecting an extra penny in sales tax for school purposes. This will reduce the school millage on owner occupied homes to 60.1 mills. However, there is no credit for vehicles, second and rental properties, business, aircraft, boats and the like.
The value of a mill is also increasing. For county purposes, the mill will increase from $100,433 to $102,309. The value of a mill for school purposes will increase from $103,262 to $105,235.
For those properties with a 6 percent assessment (vehicles, watercraft, aircraft, local businesses, personal property, rental property and second homes) the amount of taxes on property with an assessed valued of $100,000 will be $2,394. A property with an assessed value of $50,000 garners taxes of $1,197.
On a legal residence, the tax on a home assessed at $50,000 will be $418 and $836 on a home assessed at $100,000.
Those receiving a homestead exemption will not pay taxes on assessed values up to $50,000. Therefore taxes on a $100,000 home would be $418 for those residents that qualify.
City of Newberry property owners will see a 3.7 increase in mills to 89.7 mills. Little Mountain residents will see an increase of 6.4 mills to 38.4 mills. Whitmire residents will see an increase of 2.9 mills for a millage of 112.
Those in the towns of Pomaria and Prosperity will not see a millage increase with the millage remaining the same at 4 mills and 41 mills, respectively.
Tax notices will start going out the end of next week.