Two public hearings on Phelps County's 2013 tax levies will take place this Tuesday, Aug. 27, at the beginning of the county commissioners' meeting.
A hearing on the county's general revenue as well as the road and bridge tax rates will be held at 9 a.m. followed by a hearing on the tax rate for the Phelps County Board for the Developmentally Disabled at 9:15 a.m.
The public is invited to comment at these times and after the hearings, the county commissioners will set the 2013 tax rates.
The proposed 2013 tax levy of 16 cents per $100 in assessed valuation for the county's general revenue fund, an increase from the 2012 rate of 15.26 cents per $100 assessed valuation.
For the bridge and road fund, the county's proposed 2013 levy is 9.81 cents per $100 in assessed valuation, compared 9.35 cents in 2012.
Based on a total assessed valuation of $558,934,743 for the 2013 tax year, if the rates are approved, it is expected to bring in $894,295.59 in property taxes for the general fund and $548,314.98 in the road and bridge fund.
The proposed 2013 tax levy for the Phelps County Board for the Developmentally Disabled would increase slightly, if approved. The tax levy is currently 7.08 cents for every $100 of assessed property value. The proposed rate for 2013 is 7.11 cents per $100 assessed valuation.
Based on the same total assessed valuation for 2013, if this levy is approved, the amount of property tax collected would be $397,402.60 for the board for the developmentally disabled.
County Clerk Carol Bennett said last month that the tax levies are increasing because of a decrease in sales tax revenue.
According to July figures from County Treasurer Carol Green's office, this year so far, county sales tax is down compared to last year by 2.87 percent.