KINGMAN – The Mohave County Board of Supervisors has lowered the property tax rate and approved a balanced budget of $87 million for the next fiscal year.
The board voted Monday to adopt a property tax rate of $1.26 per $100 of limited assessed value for the 2009-10 fiscal year.
County Manager Ron Walker pointed out that the rate has decreased from $1.75 to $1.26 over the last four years.
Officials say about $12 million of the $87 million in spending will be held in the county’s contingency fund.
The remaining $75,113,000 in spending will be matched by the $75,116,000 the county will take in from tax revenues. That represents a $900,000 increase in spending from last year’s budget of $74,213,000.