A final report on Douglas County's property valuation sets the total at $341.2 million, an increase of $904,000 from July estimates.
The higher valuation offers a bit of good news for taxpayers. The county mill levy won't be quite as high as expected. The levy to support the county budget will fall from the July estimate of 27.434 mills to 27.24 mills. The levy will still be higher than it was a year ago, when the levy was 27.13 mills. The valuation increase also will affect mill levies for the city of Lawrence and the local school district, but those figures were not available today.
A mill is $1 of tax for every $1,000 in assessed property valuation.
The final valuation report from the county appraiser's office was released today and showed the county's total valuation on property increased $904,307 from July estimates. The total 1990 valuation was $341,233,198.
The appraiser's report said some of the reasons for the revised figures were the inclusion of Quaker Oats, which added $300,000 because its IRB exemption ended, changes that were the result of tax protests, and more than $500,000 added to the valuation of the Southern Hills Shopping Center.
Total valuation in the city of Lawrence was put at $248,901,844, up from the July estimate of $247,907,591.
Although the county's mill levy is increasing .11 of a mill from last year, County Administrator Chris McKenzie said the slight increase was consistent with the county commission's goal of not increasing the levy.
"I think so, given that all of that (increase) is attributable to the increase in the budget for the out-district community college tuition," he said.
The county had to increase the out-district tuition $147,120 this year, to a total of $461,914. State law requires that the county reimburse community colleges for any students from Douglas County that attend these schools.