ECONOMIC DEVELOPMENT

TAXES

County and city property taxes are listed below. County taxes are assessed at 40% of fair market value. Property located inside cities is taxed at the millage rate indicated below.

COUNTY

UNINCORPORATED

INCORPORATED

Schools 16.990 16.990
School Bond 0.00 0.00
County 11.110 12.109
State .20 .20
Industrial Development Authority 0.952 0.952
Total 29.252 30.251

CITIES

Carlton 2.20 mills
Colbert 3.620 mills w/ a $6,000 Homestead Exemption
Comer 4.40 mills
Danielsville 4.00 mills
Hull 0.00 mills
Ila 3.92 mills

SOURCE: Ms. Louise Watson, Madison County Tax Commissioner