The Starke County Commissioners voted unanimously this week to reestablish two funds that were somehow discontinued by the state. Monday’s action on the cumulative capital development and cumulative bridge funds will allow the county to keep more of the property tax money it collects and spend money that is currently set aside.
Funds in the cumulative capital development account can be used to buy things like police cars or computers. Money in the bridge fund can only be used for inspections or to build, maintain or repair bridges, approaches or grade separations. The council still has to set rates for both funds, but they will be in the range of 2.5 to 3-cents per $100 of assessed property valuation. County residents now pay less than 40-cents per $100 of assessed valuation. Rates vary by taxing district. Click here to view: Tax Rate Chart for the year 2013 payable 2014
