Property taxpayers will see lower county tax levies on their property tax bills this year, in Yellowstone County, because the overall amount of taxable value on property in the county has increased by $24.88 million. Over half of that increase is due to new construction – new wealth – in the county.
Total tax revenue for county government is projected to increase by $2.86 million in the current year. New construction is projected to generate $1.99 million of that total, which is that much less that all other taxpayers will have to pay.
The County’s Finance Department is hammering out the FY2019-20 budget for the county, to be considered by county commissioners at their September 3 meeting. It is projecting expenditures of $117.5 million, less than one percent more than last year. Of that, $54.6 million is projected to come from property tax payers in Yellowstone County. CLICK HERE TO READ MORE
