In the next major statutory change, the 1989 Legislature eliminated the 1977 taxable value provision, returning to the older, simpler system of applying mill rates
directly to assessed values.
It is the mill rate
that is the unfair portion," said Quan.
Table 1 Taxable Values, Mill Rates
, and Taxes Levied Statewide Taxable Value Mill Rate
Taxes Fiscal Year ($ Millions) (Average) Levied 1987 2,308 242 559 1988 2,001 265 531 1989 1,943 256 498 1990 1,907 281 535 1991 1,573 327 514 1992 1,595 338 539 1993 1,633 344 561 1994 1,732 353 628 Change: '87 -576 120 69 to '94 Source: Department of Agricultural Economics and Economics, Montana State University, Bozeman, MT.
The finance board has also proposed a mill rate
The county's 2012 budget keeps the mill rate
constant and supplements the lack of adequate revenues with the use of reserves to fund debt service.
The current mill rate
of sugar is Rs 67 per kg; whole sale is Rs.
The reality of politics in town is that there is a pretty steep aversion to increasing the mill rate
more than one mill," Mr.
5% annual mill rate
increases will provide sufficient funds to both eliminate the deficit over the near term and sustain balanced operations going forward.
We're right on track with the mill rate
(increase), for in the past few years the increase has been around a half a mill," Mr.
The fiscal 2007 budget provides for a significant reduction in the mill rate
due to the significant increase in AV with the revaluation.
During this period, tax base growth and timely mill rate
adjustments boosted the local share of budgeted revenues, reducing reliance on state aid, even as total general fund spending grew at a 6% annual pace.
After this increase flour bag of twenty kilogram would be available at Rs 541from X mill rate
541 while in local market flour price would be increase from Rs 545 to Rs 551.