The latest assessed valuation in Atchison County is calculated for the 2020 budget year, and it appears to be on the rise in comparison to previous years.
Atchison County Clerk Michelle Phillips said the estimate total checks in at more than $172.4 million. This means when county commissioners punch in the numbers in to figure the forthcoming budget each mill will carry a value of $172,454. The total reflects an increase of $6.7 million from the previous year.
The county’s assessed valuation for the current year’s budget was more than $165.7million. The budgeted mill levy checked in at 53.14 mills.
There will be more than $6.9 million worth of property subject to rebates by way of the Atchison County Neighborhood Revitalization and Tax Incentive Program if participants pay their property taxes in full and on time. That estimate is about $1.8 million more than the value of properties eligible for rebate in the 2019 tax year.
Each mill if the equivalent of one thousandth of the assessed valuation, Phillips said.
Commissioners have been accepting proposed budgets from county department heads and appropriation requests from nonprofit groups and agencies. The budget workshops are on target to commence Tuesday, June 25, and continue into early July in hopes to have a rough draft to review by July 6. The goal is to have the budget complete in time for the Thursday, Aug. 22, deadline.