The inflation factor for FY 2023 is 1.77%. Per 15-10-420, MCA, “a governmental entity that is authorized to impose mills may impose a mill levy sufficient to generate the amount of property taxes actually assessed in the prior year plus one-half of the average rate of inflation for the prior 3 years.”
The inflation factor for FY 2022 is 0.93%. Per 15-10-420, MCA, “a governmental entity that is authorized to impose mills may impose a mill levy sufficient to generate the amount of property taxes actually assessed in the prior year plus one-half of the average rate of inflation for the prior 3 years.”
The inflation factor for FY 2020 is 1.05%. Per 15-10-420, MCA, “a governmental entity that is authorized to impose mills may impose a mill levy sufficient to generate the amount of property taxes actually assessed in the prior year plus one-half of the average rate of inflation for the prior 3 years.”
The inflation factor for FY 2020 is 1.02%. Per 15-10-420, MCA, “a governmental entity that is authorized to impose mills may impose a mill levy sufficient to generate the amount of property taxes actually assessed in the prior year plus one-half of the average rate of inflation for the prior 3 years.”
This is the first newsletter from the State Local Government Services (previous Local Government Services Bureau). This newsletter contains information on new management who will be working with counties after the retirement of Kim Smith; a piece on audit findings; STIP web portal changes; information on GASB-87; an article about social security coverage and government employers; a reminder about your Annual Financial Report’s (AFR’s); how to file a document through the Local Government Services Portal; details about the cooperative purchasing program; and the method on converting documents to PDF.
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