August 14, 2023 – Hopkins County Tax Assessor-Collector Debbie Pogue Jenkins made the recommendation to the court Monday morning to lower the effective tax rate for county residents. The recommendation came as a result of an increase in the overall valuation of properties in the county as over 900 new properties were added to the tax rolls.
The current tax rate for Hopkins County is set at .523900/$100 or a little over 52 cents per $100 valuation of property values. The new lower rate propsed by Jenkins would be set at .495870/$100, a decrease of a little over 2 and 3/4 cents per $100 valuation.
Hopkins County has seen a decrease in the Tax RATE over the past few years although most residents have seen their tax bills go up over the same time period due to an increase in the Taxable VALUES. The taxable rate has decreased from .624892/$100 in 2018 to the current 2023 rate of .523900/$100 and once finalized by the commissioner’s court will go down to .495870/$100 for 2024. A public hearing for this issue is scheduled for August 21, 2023 in conjuction with a commissioner’s work session. The court will then consider to vote to make the lower tax rate official.
In addition, a referendum will be voted on in November state-wide to increase the homestead exemption from $40,000 to $100,000 to help lower each taxpayer’s school tax burden. This measure most certainly will pass and will go into effect for 2024. Some resident’s will have already received their tax statment and will have to have an adjustment calculated after the November ballot.
