Budget order and final tax rates approved

12/21/10 The Department of Local Government Finance (DLGF) certified Marshall County’s 2011 budget order and tax rates on December 20, paving the way for on-time property tax bills for the second year in a row. The budget certification puts the county in a position to have taxes due on May 10, 2011. Marshall County was the 25th county in the State to receive its 2011 budget order and tax rates.  “The certification of the budget order and tax rates sets the stage nicely for on-time tax bills for the second consecutive year, returning predictability to the property tax system,” DLGF Commissioner Brian Bailey said. “A tremendous amount of cooperation and collaboration between local and state officials is required to ensure property tax bills go out on time, and it is rewarding to see all the efforts pay off.” The first step in the assessment to tax billing process is the completion of the property assessments, which culminates with the submission of a ratio study. A ratio study is a comparison between property sales prices and assessed values in the county to ensure that market values are being used to determine assessed values. Typically, these should be submitted to the state [...]