Each year you receive a tax statement based on the value of your property, but do you know where the money goes?
The table identifies the entities receiving money from a property with a taxable value of $108,785 and a total millage rate of 90.25. The tax on this property for 2017 amounts to $1,080.
Tax Levy Table
Vo-Tech District 16
Distribution of Tax Money
Of the $202.12 collected by Logan County, $30.64 is distributed to the County Health Department, $48.94 to the Common Fund for schools and $122.54 to the county for the support of various offices such as county clerk, assessor, treasurer and sheriff.
The Guthrie School District receives $676.14. This money is allocated for the general fund, building fund and EMS district.
The City of Guthrie receives $17.83 for their sinking fund. A sinking fund sets aside revenue over a period of time to fund a future capital expense or to repay a long-term debt.
VO-Tech District 16 receives $183.93 for their general fund and building fund.