One local agency announces tax break instead of hike - KCBD NewsChannel 11 Lubbock

One local agency announces tax break instead of hike

LUBBOCK, TX (KCBD) -

In a year when homeowners have heard plenty about tax hikes, one government agency is actually lowering the tax rate. The High Plains Underground Water Conservation District will lower the rate by roughly 3%. The rate for the coming year will be $0.00754. So the owner of a $100,000 home would expect to pay $7.54 for the year.

For many taxpayers - but not all - the rate reduction will outweigh increasing valuations. For example within the city limits of Lubbock, the valuations are going on average about 1%.

A written statement says, "This is the third year in a row that the tax rate has been lowered by the Water District's Board of Directors."

The HPUWCD covers all or parts of 16 counties in the greater Lubbock area.

Copyright 2012 KCBD. All rights reserved.

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