Budget benefits business
Published 12:00 am Saturday, September 6, 2008
NATCHEZ — While the newly announced Adams County tax decrease will benefit individual taxpayers — businesses in the county will derive the greatest benefit.
President of the Adams County Board of Supervisors Henry Watts said he felt the clarification was one that should be made.
“Businesses will see more savings,” he said.
And Watts said the savings businesses will see is based on the idea that a business will normally own more property than an individual.
Watts said a business that owned a handful of vehicles, an office building and employed several people would have an opportunity to save more than an individual that only owned one house and one or two vehicles.
“It adds up for them,” he said of local businesses.
For those who do not own a business there will still be a tax savings — albeit a small one.
Adams County tax assessor Reynolds Atkins said a home owner, with homestead exemption, that owns a house valued at $100,000 would save approximately $10 on their ad valorem taxes.
Peter Burns Jr., Adams County tax collector, said on an automobile valued at $20,000 a taxpayer would likely save approximately $2 on their car tag taxes.
But Atkins and Burns both warned that generalizing tax savings would not provide taxpayers with an accurate picture of their savings.
“It’s difficult to generalize this,” Atkins said.
While the citizens of the county won’t see a massive savings Watts said he was still pleased the supervisors put in the effort that led to the lowering of taxes.
“We only have one budget for the year and we owe it to the tax payers to put the time in,” he said. “These supervisors take this budget very seriously.”