Fiscal Year 2011-2012:

Town Council approved adoption of a revenue neutral tax rate of $0.0124 per $100.00 assessed property valuation for FY 2011-2012.  In addition to the $0.0124, the Town also collects $0.075 for Mills River Fire and Rescue. 

The FY 2011-2012 budget is available at the Town Hall.  Copies are available upon request.  You may review the 2011-2012 Fiscal Year Budget and Budget Message by clicking HERE.

Revenue Sources:

The Town of Mills River collects tax on all property within the town limits at the rate of $0.0124 cent / $ 100 valuation.  This rate is set each year by Town Council and is based upon a valuation set by the Henderson County Tax Assessor’s Office.

Sales Tax is based on actual sales tax that is generated by the sale of goods in Henderson County.  It is currently distributed back to Henderson County and its municipalities based on population.

Utility Franchise Tax is paid to the State of North Carolina and distributed to municipalities from utilities that are located within the Town boundaries.   Utilities found in the Town of Mills River are Duke Power, Bell South, and Public Service Gas (PSNC), for example.

In November of 2007, the residents of Mills River voted to allow the sale of off-premise beer and unfortified wine, and on-premise (in restaurants) sale of beer and unfortified wine.  Sales tax from the sale of alcoholic beverages is remitted to the State of North Carolina and redistributed to the Town annually.

In addition, the Town receives income from an agricultural lease on undeveloped Town-owned properties and from fees charged for planning and zoning services.