Property

Henderson County commissioners to consider lowering property tax rate

Henderson County commissioners will consider lowering the tax rate for the 2022-23 fiscal year.  

Chair Bill Lapsley suggested lowering the county’s property tax rate following County Manager John Mitchell’s recommended budget presentation on Monday. Mitchell’s proposal is to keep the county rate the same for the fourth year in a row at $0.561 per $100 of property valuation. Lapsley suggested lowering the rate by 2 cents.  

Property taxes make up the largest source of revenue for the county, with sales tax coming in second.

The commissioners will hear more about the proposed budget and dive into discussions at a budget workshop on Wednesday, May 18.  

Lapsley said the county could lower the tax rate and likely keep adding to the fund balance at the same time. In the past five years, the county has added over $35 million more to the balance than original budget projections. This included $5.5 million in additional revenue in 2017, $3.5 million in 2018, $2.1 million in 2019, $7.4 million in 2020, and $16.9 million in 2021.  

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