Floyd County Supervisors are working to lessen the tax burden on property owners in Floyd County being proposed in the upcoming public hearing on the max tax levy rates for fiscal year 2025-2026.
While tax rates being proposed to take effect July 1st don’t change much from the current fiscal year, the total amount taxpayers are being asked to pay could jump by about 12%, due in part to increased property tax valuations. During their meeting March 11th, Supervisor Dennis Keifer acknowledged the pushback being received on the levy rates.
Supervisor Gloria Carr said a constituent also told her they can expect more opposition for the public hearing on March 24th.
Supervisor Boyd Campbell said keeping those tax rates in check while continuing County operations in the face of state property tax reform and other factors is only getting tougher.
Supervisors vowed to keep looking at budget cuts to avoid situations like neighboring counties.
County Auditor Morrigan Miller estimated Supervisors would need to trim another $220,000 from the FY25-26 budget to keep the tax asking similar to current levels. Carr also noted that the published max tax levy rates can still be lowered by Supervisors and can’t go higher.
The consensus of the Board to was continue working to lower the tax asking as much as they can.
