County taxes including tax rate are going up - KCBD NewsChannel 11 Lubbock

9/15/09

County taxes including tax rate are going up

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By James Clark | email

LUBBOCK, TX (KCBD) - For most homeowners in Lubbock County there will be property tax hike, the third in three years. 

According to pubic records, "The 2009-2010 Lubbock County Budget will raise more total property taxes than last year's budget by $1,063,243.00 or 2.45%." The increase is relatively small - less than 3 tenths of one penny.  It goes from $.32620 per $100 to $.329458.

County Commissioners say they adopted something called the Effective Tax Rate. Theoretically, the effective tax rate raises the same amount of money from one year to the next, with the exception of new money from new construction.  

Officials say while many homeowners might pay a higher tax, they do not consider this action to be a tax hike. They say that's because when you factor in all types of property such as commercial and agricultural, tax values went down. "In terms of actual revenue we're just holding our own and just gonna stay flat," said Commissioner Bill McCay. "And we'll just tighten the belt and that's what we're here to do."

"The overall property values in Lubbock County went down last year," said Commissioner Mark Heinrich. "The incremental increase of $1,063,243 was due to new property put on the tax roll."

Here's a closer look at the numbers. According to a supervisor with the Lubbock Central Appraisal District, the average taxable home value went up from $100,370 to $103,613. Add in the slightly higher tax rate and a typical homeowner might expect about a $14 increase in property taxes from last year.  

The County Commissioners also approved a very small rate increase for the hospital district.   The current tax rate was $.120670 per $100, and the coming tax rate will be $.120840, which is an increase of 17 one-thousands of one penny.

An average homeowner in Lubbock County might expect to pay about $18 more for those two taxes combined.

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