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Port Tax Reduced

Posted on 30th November 2016 at 08:30

The property tax reduction that the Port of Longview had been reviewing is now in place, as the Port Commission adopts the 2017 operating budget. In the budget that was adopted last week, the Port Commission approved a levy of 34 cents per $1,000 of assessed valuation; that compares to the 43-cent levy that was collected in 2016. The Port of Longview tax bill on a $200,000 house will drop from $86 to $68 in the coming year. The Port will bring in about $600,000 less than 2016, so they will be dipping into reserves to balance revenues and expenses. Port officials report having about $11 million in reserves, so this will not pose a huge financial burden. It’s reported that future reductions are possible, depending on port income.