Greenwood May See First Tax Increase In 11 Years

GREENWOOD, MS (Ben Caxton) — She’s been warning not raising taxes for 11 years is not a good idea. Now Greenwood’s Mayor Carolyn McAdams has proposed a budget that makes up for that by increasing the city’s tax take on real and personal property by 6%. According to a report in the Greenwood Commonwealth that increase amounts to about $30 on a $100,000 home. But local taxpayers may get even more shocks when their assessments show up. LeFlore County is expected to be raising taxes at the same time. Even an increase in property values in the city from $104M to $109M was not enough to keep the city from raising rates to pay for city services like police and fire. Greenwood is currently running a $500,000 deficit this year. The new budget must be approved and in place by September 15 according to state law.

 

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