Hawkins Teague

Wednesday, August 20, 2008

Cadiz taxpayers will face tax levies for 2009 that will remain the same, decrease and increase all at the same time and depending on what taxes residents pay.

Residents will see no change in their 2009 motor vehicle tax, but will pay slightly higher rates on property taxes, and a realize a decrease in taxes on personal property.

In their meeting last week Cadiz City Council members voted on the first readings of its 2009 motor vehicle and ad valorem tax rates.

The motor vehicle tax will remain unchanged from 2008, and will be 26.2 cents per one hundred dollars of assessed value. If a driver owned a car valued at $5,000, for example, that person would pay $13.10 for a motor vehicle tax.

In another ordinance, the council voted to increase real estate taxes slightly and decrease personal property taxes, both of which are also known as ad valorem taxes. The tax on real estate will increase to 0.262 cents per one hundred dollars of assessed value, an increase of about 1.9 percent from the 2008 rate of 0.257 cents. Someone with real property worth $100,000, for example, would now have to pay $2.62 to the city.

The personal property tax will decrease to 0.272 cents per one hundred dollars of assessed value from the 2008 rate of 0.332 cents, which is a decrease of about 18.1 percent. Someone with personal property worth $100,000, for example, would have to pay the city $2.72.

Renaissance on Main Director Cindy Sholar presented the council with a tentative schedule of this year’s Trigg County Country Ham Festival. She noted that she had forgotten to mention the first Ham Festival miniature zebu cattle show and the four-man golf scramble at Arrowhead Golf Course. She said that T-shirts should be available for sale before Labor Day, and also showed the council some festival gift bags and $10 plush pig water bottle holders. She also said that she had talked to Harper Hams about being a sponsor. She said the company was willing to sell private label hams to commemorate the event.

Sholar said the Ham Festival Committee was looking for volunteers to work at the festival, and that city employees would be selling country ham biscuits on Oct. 10, the first day of the festival. She said the city had ordered 1,000.

Get all of the facts on city taxes only in The Cadiz Record.