Fulton County Increases Property Taxes by 3.74 Percent

As the 2024 election approaches, the impending expiration of President Trump's 2017 Tax Cuts and Jobs Act in 2025 poses significant implications for taxpayers nationwide, with potential increases in income taxes across all counties if not extended. The Wall Street Journal's analysis indicates that, on average, taxes would rise by 2.4%, with varying impacts dependent on local tax structures. Meanwhile, Uvalde County has approved a budget that includes a 5% salary increase for employees, funded by a voter-approval tax rate of 57.41 cents per $100 property valuation. Lafayette County residents will see an increase in trash collection fees from $12 to $20 a month, marking the first rate adjustment since 2014. In Fulton County, a 3.74% increase in property taxes is anticipated due to rising property values, despite the millage rate remaining unchanged. Commissioner Bob Ellis expressed concern over the financial burden on residents amid inflation and the lack of a state property tax break this year.