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Last updateWed, 30 Jul 2014 6pm

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County’s rollback rate less than last year’s tax rate

The rollback tax rate for Franklin County is $.462258, about .8 of a cent less than the 2012 tax rate, which was $.47. The good news for tax payers is that the total effective tax rate is $.425445, almost a nickle less than last year’s tax rate.

The effective rate is the amount set per $100 of taxable value on property that would generate the same amount of revenue as last year’s $.47 tax rate.  See the Aug. 8 edition of the Mount Vernon Optic-Herald for more rate details.