County tax rates surge due to booming new property growth

Union County officials discussed significant changes in property taxes during the Truth in Taxation hearing held on December 6, 2024. The meeting highlighted the impact of new property developments on tax rates, particularly noting that the county has seen over $1 million in new property each year, with this year alone reporting an increase of approximately $3 million. A substantial portion of this growth is attributed to a marijuana grower located on Dogwalk Road.

County representatives clarified that while the overall tax revenue may rise due to new properties, individual tax bills may not necessarily increase by the same percentage. They explained that the tax system operates on a collective basis; as more residents contribute to the tax pool, the overall amount collected can increase without a proportional rise in individual tax burdens. This growth is viewed positively, as it reflects economic development within the county.

Additionally, officials pointed out that only about 20% of property taxes collected go to the county, with the majority—nearly 80%—funding local schools. This distinction is crucial for residents to understand the allocation of their tax dollars.

The meeting concluded with officials indicating that further discussions would be necessary if any residents had questions or concerns regarding the tax changes. The next scheduled meeting will focus on the highway department, set to begin at 8:40 PM.