24-15 · FY 2024–25 tax levy · Adopted
Jun 24, 2024
TAX LEVY IN HICKMAN COUNTY, TENNESSEE FOR THE FISCAL YEAR BEGINNING ON JULY 1, 2024
Resolution No. 24-15
Adopted June 24, 2024 · 11 aye, 1 nay (Ricky Murray), 2 absent
Sponsors Dusty Jordan, District 5; Steve Gianakos, District 4
SECTION 1. BE IT RESOLVED, by the Board of County Commissioners of Hickman County, Tennessee, assembled in regular session on this 24th day of June, 2024, that the combined property tax rate for Hickman County, Tennessee, for the fiscal year beginning on July 1, 2024, shall be $2.57 on each $100.00 of taxable property, which is to provide revenue for each of the following funds and otherwise conforms to the following tax levies:
| Fund | Rate |
|---|---|
| General | $1.9300 |
| Highway/Public Works | 0.0600 |
| General Purpose Schools | 0.5800 |
| General Debt Service | $0.0000 |
| Total | $2.5700 |
SECTION 2. BE IT FURTHER RESOLVED, that there is hereby levied a gross receipts tax as provided by law. The proceeds of the gross receipts tax herein levied shall accrue to the General, Highway/Public Works, and General Purpose School on the basis of the 2024 tax rate.
SECTION 3. BE IT FURTHER RESOLVED, that all resolutions of the Hickman County Legislative Body which are in direct conflict with this resolution are hereby repealed.
SECTION 4. BE IT FURTHER RESOLVED, that this resolution take effect from and after its passage, the public welfare requiring it. This resolution shall be added upon the minutes of the Board of County Commissioners of Hickman County, Tennessee.
Attachment: Statement of Estimated Revenue from Current Property Taxes
2023 assessments based upon an estimated assessed value of $562,226,124.
| Fund | Tax Rate | Tax Levy | Reserve for Delinquency (7%) | Collection of Taxes |
|---|---|---|---|---|
| General | $1.9300 | $10,850,964 | $759,567 | $10,091,397 |
| Highway/Public Works | $0.0600 | $337,336 | $23,613 | $313,722 |
| General Purpose School | $0.5800 | $3,260,911 | $228,264 | $3,032,648 |
| General Debt Service | $0.0000 | $0 | $0 | $0 |
| Total | $2.5700 | $14,449,211 | $1,011,444 | $13,437,767 |