The Century Council voted Tuesday night to approve the millage rate of 0.9204, which is greater than the roll back rate of 0.8361.
The projected amount for ad valorem taxes for Century this year, according to CPA Robert Hudson, is $37,404.
“If property values increase every year, and you always do the roll back rate, you'll never get any more money, although the residents of Century's property has increased in value,” said Hudson. “They're really decreasing their property tax by not applying the same millage rate over the appraised value.”
Town consultant Edwin ‘Buz’ Eddy explained that the le...
