Agency fund, effect on various funds/groups. In compliance with a newly enacted state law, Tilburg County assumed the responsibility of collecting all property taxes levied within its boundaries as of...

Agency fund, effect on various funds/groups. In compliance with a newly enacted state law, Tilburg County assumed the responsibility of collecting all property taxes levied within its boundaries as of July 1, 2018. The following composite property tax rate per $100 of net assessed valuation was developed for the fiscal year ending June 30, 2019:

All property taxes are due in quarterly installments and, after being collected, are distributed to the governmental units represented in the composite rate. To administer the collection and distribution of such taxes, Tilburg County has established a tax agency fund.

Additional information:

a. To reimburse itself for estimated administrative expenses of operating the tax agency fund, the county is to deduct 2% from the tax collections for Reed City and Newport Township.

The total amount deducted is to be remitted to the Tilburg County General Fund.