HB489 Summary

• Authorizes Wilcox County commission to increase the general ad valorem tax rate from 14 mills ($1.40 per $100 assessed value) to a maximum of 22 mills ($2.20 per $100 assessed value).

• Requires the county commission to adopt a resolution and hold a public hearing before implementing the tax increase.

• Allocates net proceeds from the 8-mill increase as follows: 1 mill for public parks and recreation, 2 mills for roads and bridges, 1 mill for volunteer fire departments, and 4 mills for county general funds.

• Tax increase is subject to approval by a majority of qualified county electors voting at a special election.

• Becomes effective June 1, 2024.