The mill levy for Teton County residents has been set, increasing slightly over the past year.
The Teton County Board of County Commissioners approved the property tax schedule for county taxpayers at an Aug. 2 meeting, setting the levy at 56.979 mills for county property owners. Town of Jackson taxpayers should face the same rate, Assessor Melissa Shinkle told the commissioners, because the Jackson Town Council levied a half mill town-only property tax for the first time in over four decades this year. That balances a half mill county-only levy supporting fire operations in Jackson Hole.
Commissioners voted 4-1 in favor of the schedule, with Commissioner Mark Barron opposed.
He had previously advocated for cutting the commission’s portion of the mill (about 14% of the total levy) by half a mill. The rest of the board opted to hold its portion of the levy flat.
As set, the mill levy is charting a modest increase over the previous year: about .9%.
That translates to a roughly $14 million increase in collections, roughly 12% benefitting schools, local government and other public institutions like the Teton Conservation District.
Rising valuations in Teton County are behind the increase in revenue, driving up the value of a mill: roughly $2.3 million in this fiscal year versus roughly $2 million in the year prior.
Shinkle previously told the Jackson Hole Daily that taxpayers who feel a pinch this year will likely do so because of increasing home prices, not the increasing mill.
“If their market value is going to go up, that’s going to make their taxes go up,” Shinkle said, speaking about a proverbial property owner. “But fortunately, we didn’t have any entities jacking their mills up so much that now it’s way more than expected.”
Read more about the levy online at JHNewsAndGuide.com.
This article has been updated to correct an error. The last time the town of Jackson imposed a property was in the late 1970s. Then-Mayor Ralph Gill spearheaded an effort in 1978 to remove the town's then five-mill levy, according to the Jackson Hole News' archives. He was successful. — Eds.