It looks as though your taxes will go down. If the city council were to vote now on the proposed property tax decrease it would pass, but only by a close margin. Four council members said they would vote yes to the decrease, and it all comes down to a promise they've made to citizens to continue to offset the constant increase of property appraisals with lowering property taxes.
This year appraisal values increased by just over 8%. With the proposed tax rate of one and a quarter cent, it would save the average homeowner $11.50.
As of Monday, August 8th, Councilwoman Linda DeLeon said she wants keep the tax rate the same and give more money to parks and recreation. Council members Floyd Price and Phyllis Jones didn't want to comment just yet. However, Jim Gilbreath, Tom Martin, Gary Boren and Mayor Marc McDougal are the four who said they would vote for the decrease. Mayor McDougal said he will keep his word to offset appraisal increases with tax decreases.
McDougal said, "What council has said al along, as a matter of fact since 2002, is that we will reduce the tax rate by the amount of money, over and above the re-evaluation numbers. And we intend to keep that promise."
Council wants to hear from you first during two public hearings; the first is August 17th at 8 a.m., the second is August 25th at 7:30 a.m. Both are at City Hall in the council chambers. The final vote is September 22nd.
If this decrease is approved, it will be the third year in a row for this particular council to reduce property taxes. If it's approved they will have decreased property taxes by almost 13 cents per $100 valuation.
|SCAN --The Safe Community Alert Network|