MADISON COUNTY, Ala. (WHNT) – WHNT News 19 viewer Anita Vaughan emailed us to ask about a tax for the shopping center located at the corner of Highway 53 & Jeff Road.
Vaughan wanted to know “How much money has been collected to pay for the intersection of Highway 53 & Jeff Road with the extra sales tax for the shopping center? And how much longer will the tax be in place?”
Missy Ming Smith from Madison County tells us it is not exactly a tax. It is what the county calls a “user fee.”
In order to develop the roads, water, sewer and drainage to promote economic development in District Four, the county got Bonds issued be the Cooperative District.
In order to pay the $2,000,000 in debt back, the district occupants/consumers pay a 1% fee. The debt matures on August 21, 2023.
The revenue as shops have opened since late 2008 has continued to climb.
The first short year (2008) collection was $47,413, rose to collection in 2011 of $240,970. That’s the latest figure the county has compiled at this time.
District Four Commissioner Phil Vandiver says this has brought tremendous shopping just blocks from the many family neighborhoods of the Harvest, Monrovia and Toney communities.