Question
On July 1, 2017, the beginning of its fiscal year, Ridgedale County recorded gross property tax levies of $4,600,000. The county estimated that 5 percent
On July 1, 2017, the beginning of its fiscal year, Ridgedale County recorded gross property tax levies of $4,600,000. The county estimated that 5 percent of the taxes levied would be uncollectible. As of April 30, 2018, the due date for all property taxes, the county had collected $4,280,000 in taxes. The county imposed penalties and interest in the amount of $14,900, but only expects to collect $13,000 of that amount. At the end of the fiscal year (June 30, 2018) the county had collected $55,000 in delinquent taxes and $5,200 in interest and penalties on the delinquent taxes.
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