Clay OKs five-millage property tax
By Lee Weyhrich
CLAY — The Clay City Council on Monday approved a five-millage property tax for residents of the city.
Councilman Ben Thackerson was the only council member to vote against the property tax.
Money will be earmarked for schools and public safety.
Clay had no property tax before Monday night.
The rate equates to $50 per year on a house with an assessed value of $100,000. It would be $100 per year on a house with an assessed value of $200,000.
The city council had a five-millage property tax increase on its agenda in August 2013, but voted 3-2 to remove it from the agenda. It would have generated an additional $500,000 in revenue for the city. City Manager Ronnie Dixon said last year that the average home value in Clay is $120,000 and there are 2,900 houses in the city.
Read the full story in this week’s issue of The Trussville Tribune.