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Tax collection rate up in county | Preston Citizen

Tax collection rate up in county

February 13, 2013


Assistant editor

Franklin County collected $4,150,894.50 in property taxes this past Dec. 20 and the figure represents monies owed for the first-half tax period of June 21, 2012 through Dec. 20, 2012.

County Treasurer Jeanette McKay said this time-frame reflects the first half of the 2012 property tax charge. Approximately 57 percent of property owners in the county paid their entire tax bill last December. This is almost always the case.”

The property tax bill has two deadlines for payment in Idaho. The first half is due on Dec. 20 every year. The second half is due by the following June 20, said McKay.

“Even though the tax bill is split into at least two payments, the majority of property owners still opt to pay the entire amount in December every year.”

She said the entire tax charge on property in the county is $7,311,731.96. “On a percentage basis, we feel pretty good about what we collected through Dec. 20. Our first-half collection rate was actually up by two percent, compared to last year. We feel good about that.”

Of the total monies receipted by Franklin County, only a smaller portion goes to help fund its operations, McKay continued.

“The majority of the funds we collect goes to other taxing entities the county has absolutely no control over, like the county’s two school districts, the fire district and Preston City,” she said. “There are 36 different taxing districts in the county that receive funds collected by Franklin County. These funds are then distributed to the respective districts for the 2012 taxing year.

This story is sponsored by LaMont Automotive.

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