Pipeline Taxes Help Small Counties

By: Bergen Baucom Email
By: Bergen Baucom Email

July 9, 2012

Compared to some of her collegues in neighboring counties, Sharon Cox is happy with that 2% decrease.

"It would have been more had we not had some of these tangibles to help us with our taxable values in Jackson County."

The biggest tangible being the florida natural gas pipline.

"The pipeline increased personal propery values which helped negate some of the blow to real proptery. It's rescued counties such as Calhoun and Liberty but Cox tells us, it's not the only thing saving Jackson. New industries like this Love's Truck Stop and others coming to the area helped pad would could have been a big fall."

Everytime you have a new business, wheter it's large or small, you're going to add some value. I've never been without some new construction. It's not like it was but anytime you add a plus to a negative it off sets.

Cox expects home source international will bring another boost to the figures next year which will help make up for some of the projects finishing up this year.

"The property is actually owned by the city of Marianna, that will actually put it back on the tax roll. And then, the business itself will file tangible personal property on the equipment thats going to be used in that business."

Cox doesn't forsee a future windfall in property tax revenues.
But she says if new industry keeps moving here, Jackson County should be able to weather the storm.

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