23-18 · FY 2023–24 tax levy · Adopted
Jun 26, 2023
RESOLUTION NO. 23-18
TAX LEVY IN HICKMAN COUNTY, TENNESSEE FOR THE FISCAL YEAR BEGINNING JULY 1, 2023
SECTION 1: BE IT RESOLVED, by the Board of County Commissioners of Hickman County, Tennessee, assembled in regular session on this 26th day of June, 2023, that the combined property tax rate for Hickman County, Tennessee, for the fiscal year beginning on July 1, 2023, shall be $2.3324 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:
- General: $1.6924
- Highway/Public Works: $0.0571
- General Purpose Schools: $0.5666
- General Debt Service: $0.0163
- Total: $2.3324
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, General Purpose School, and General Debt Service Funds on the basis of the 2023 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all resolutions of the Hickman County Legislative Body which are in direct conflict with this resolution are hereby repealed.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 spread upon the minutes of the Board of County Commissioners of Hickman County, Tennessee.
The floor discussion stated that the budget uses no increase in property taxes this year.
Attachment referenced in the packet: Statement of Estimated Revenue from Current Property Taxes, 2023 assessments based upon an estimated assessed value of $564,559,693 (figures as recovered from the packet; 7.00% reserve for delinquency).
| Fund | Tax rate | Tax levy | Reserve for delinquency | Estimated collection of taxes |
|---|---|---|---|---|
| General | $1.6924 | $9,554,608 | $668,823 | $8,885,785 |
| Highway/Public Works | $0.0571 | $322,364 | $22,565 | $299,798 |
| General Purpose School | $0.5666 | $3,198,795 | $223,916 | $2,974,879 |
| General Debt Service | $0.0163 | $92,023 | $6,442 | $85,582 |
| Total | $2.3324 | $13,167,790 | $921,746 | $12,246,045 |
Sponsors: Dusty Jordan; Carla Moore, District 6
Motion: Dusty Jordan, seconded by Carla Moore.
Commission action: 13 Aye, 0 Nay, 1 Absent — Adopted.
Yes: Claude Callicott, Matthew Barnhill, Clay Chessor, Danny Clark, Todd Collins, Steve Gianakos, Dusty Jordan, Ron Mayberry, Wylie McNair, Carla Moore, Ricky Murray, Keith Nash, Wayne Thomasson.
Absent: Devin Pickard.