Sheridan County’s total valuation grew nearly 20% from 2008 to 2009. Property valuations usually lag a year behind the market since numbers from the prior year must be used for the assessments. With that in mind, the Sheridan County Commissioners held a special meeting yesterday to approve the property tax mill levy schedule for this fiscal year. County Business Manager Renee Obermueller says the actual mill levy has only one minor change.
While the mill levy itself remains relatively constant, the increase in county valuation will create a corresponding increase in revenue from property taxes. Each mill corresponds to nearly $800,000 in revenue for those that are levied county-wide for 2009.