Town of Mills River North Carolina Financial Information

Financial Information

Fiscal Year 2009-2010:

Town Council approved continuation of a tax rate of $0.01 per $100.00 assessed property valuation for FY 2009-2010. In addition to the $0.01, the Town also collects $0.065 for Mills River Fire and Rescue.

The FY 2009-2010 budget is available at the Town Hall. Copies are available upon request. You may review the 2009-2010 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 $0.01 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.

Finance Committee:

The Mills River Finance Committee meets regularly to review the Town’s finances. It oversees adherence to the budget, makes recommendations to Council on budgetary items and spending, and works closely with the Town’s auditor to ensure that financial procedures recommended by the State’s Local Government Commission are followed. To become a member of this Committee, fill out a Volunteer Application and return it to Town Hall.

If you would like to see more information concerning the Town’s finances, stop by Town Hall.