PC ROAD LEVY - Road Fund Mill Levy

The ballot issue asks the voters of Phillips County to approve an additional permanent mill levy of up to approximately 20 mills above the current statutory mill levy to generate $242,840. Phillips County is currently levying the maximum mill levy allowed by Section 15-10-402 and 15-10-420, Montana Code Annotated. The Phillips County Road Funds need additional revenue to maintain the current county services due to a reduction in the amount received by the county in gas severance tax. The mill levy of approximately 20 mills to raise $242,840 annually and will allow for inflationary growth and new taxable growth. Shall the county governing body be authorized to make a levy in additional to the regular levy now authorized by law of up to $242,840 in county road taxes each year, approximately 20 mills, for the purpose of maintaining the Phillips COunty Road Funds, permanently? Pursuant to Section 15-10-425 (3) Montana Code Annotated, the impact on a home valued at $100,000 would be an additional $15.20 per year in taxes, the impact on a home valued at $300,000 would be an additional $45.60 per year in taxes, and the impact on a home valued at $600,000 would be an additional $104.40. An increase in property taxes may lead to an increase in rental costs. The mill levy of approximately 20 mills to raise $242,840 annually will be subject to Section 15-10-420(1)(a) after the first year allowing for inflationary growth and newly taxable growth.