During the July 28 West Point City Council work session, City Manager Ed Moon presented the 2025 property tax digest and five-year history. Two copies were provided to show rates reflecting a potential millage rate rollback vs. keeping the rate as is. The millage rate represents one dollar of tax for every $1,000 of property value, which is assessed at 40 percent of the fair market value according to Moon. Moon explained the purpose of setting the millage rate, giving a clearer understanding of the mayor and council’s role in the process. “The mayor and council set the millage rate at a sufficient level to fund city operations. The county tax assessor's office determines the property values and prepares an annual tax digest for all properties, including those within West Point's city limits. Property values in the digest can change due to reassessment, which adjusts the property's market value, and growth, which is new development that increases the taxable base,” Moon said. “When the property value rises from reassessment, the city can collect more revenue without increasing the millage rate. That can seem like a tax increase, even though the millage rate actually stays the same. In response, the state passed the Property Taxpayers Bill of Rights in 1999, which requires a calculated rollback of the millage rate. The [rollback] rate that would generate the same revenue from existing properties as the prior year, excluding growth from new development. That is only those that…
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