July 11, 2013- With solid growth for the past 20 years, the assessed value of property, homes and other assets in Lamar County is approaching the half-billion dollar mark, continuing to bolster county revenue.
The Hattiesburg American reports the county’s current assessed valuation, the total of taxable property, stands at over $498 million, up more than $7 million from 2012.
In 2000, the county’s assessed valuation was more than $244 million.
The increase in property value is good for the county budget, but it also means county taxpayers will see a small increase in their tax bill.
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