Prentiss County Budget Keeps Tax Rate Flat at 65.7 Mills

Prentiss County supervisors are keeping taxes level. The board approved the county budget and tax levy with no millage rate increase, holding the Prentiss County tax rate at 65.7 mills.

Prentiss County Tax Rate Stays Level

Supervisors approved the budget and levy during their regular meeting on Monday, according to the Daily Corinthian. The tax rate remains at the current level of 65.7 mills, meaning the county did not ask property owners for a higher millage rate this year.

What a Mill Means

A mill is one-thousandth of a dollar, or $1 of tax for every $1,000 of assessed value. Because the rate is not changing, a property owner’s county bill would change only if the assessed value of the property changes.

What Comes Next

The approval sets county government’s spending plan for the new fiscal year, which began Oct. 1. Residents with questions about the budget or levy can ask the Prentiss County Chancery Clerk’s office in Booneville or attend the board’s regular meetings.

Details beyond the flat rate were not available in the portion of the report that is free to read.

Source: Daily Corinthian