Marshall County Budget Order and Tax Rate Approved by DLGF

The Department of Local Government Finance recently certified Marshall County’s 2014 budget order and tax rates. This will allow for on-time tax collection in the county. Marshall County was the 36th county in the state to receive its 2014 budget order and tax rates.

The first step in the assessment to tax billing process includes the completion of property assessments, which culminates with the submission of a ratio study. This study is the comparison between property sales prices and assessed values in the county. This ensures that market values are being used to determined assessed values. Marshall County’s ratio study was submitted on June 14 and approved by the DLGF a few days later.

Once the study is approved, the assessor send the gross assessed values to the county auditor who applied exemptions, deductions, or abatements to determine the net assessed values. Those were submitted Aug. 23. The county auditor will now calculate tax bills and the treasurer will mail them to taxpayers no later than Apr. 25 with a due date of May 10.

According to Auditor Penny Lukenbill, no budget cuts were ordered for Marshall County.