County Proposes Lowering Your Taxes

 

SAN ANGELO, TX – Tom Green County Commissioners Tuesday proposed a lower property tax rate for FY2021 than the current tax rate during their regular meeting.

The move comes amid the coronavirus pandemic which officials expect lower sales tax revenues because of the economic shutdown.

Earlier this year, Texas Gov. Greg Abbott warned local governments not to raise property taxes during the pandemic when many people were out of work for months and struggled to make mortgage payments which include property tax.

Commissioners voted for a proposed property tax rate of .54980 per $100 in property value for FY2021. 

The current property tax rate in Tom Green County is .55117 per $100 in property value.

According to County Judge Steve Floyd, the FY2021 tax rate includes .48333 for maintenance and operations and .06647 for interest and sinking funds.

By law, before adopting a tax rate, the county has to hold one public hearing on the rate. 

Here is the public notice Tom Green County published on its website.

The Texas Legislature in 2019 lowered the percentage from 8 percent to 3.5 percent that would trigger a roll back election.

Senate Bill  2 set that cap at 3.5 percent, meaning if the proposed rate would bring in more than 3.5 percent revenue than the previous year, the rollback election is automatically triggered. There was previously an 8 percent cap on year-over-year revenue before voter approval is needed.

SB 2 also changed the number of public hearings a county is required to hold before adopting a new tax rate.

Previously, two public hearings were required with any proposed tax rate. Now, public hearings are not required if the proposed rate is equal to the no new revenue rate.

The Court scheduled the public hearing at 6 p.m. on Thursday, Aug. 27, 2020 in the Commissioners Court room on the second floor of the Keyes Building downtown.

On a to-be-determined date following the public hearings, commissioners will approve a tax rate and then adopt a budget for FY2021 in September.

In other business, commissioners accepted a Justice Assistance Grant (JAG) in the amount of $153,974.52 to purchase 63 portable radios for the Sheriff's Office.

Subscribe to the LIVE! Daily

The LIVE! Daily is the "newspaper to your email" for San Angelo. Each content-packed edition has weather, the popular Top of the Email opinion and rumor mill column, news around the state of Texas, news around west Texas, the latest news stories from San Angelo LIVE!, events, and the most recent obituaries. The bottom of the email contains the most recent rants and comments. The LIVE! daily is emailed 5 days per week. On Sundays, subscribers receive the West Texas Real Estate LIVE! email.

Required

Most Recent Original Videos

 

Comments

The reds: We can't defund the police
Also the reds: We can defund the government by lowering taxes though.

Since schools shut down last year and most likely a huge scale-back in the coming few weeks, I think SAISD should issue refund checks to all us who they bend over for their taxes..........

Ole Doc finally posted something I could agree with! I've always been irritated by ISD taxes as I never attended that school district, nor did any of my kids. Seniors (citizens, that is) should either be exempt from ISD taxes or taxed at a MUCH lower rate.

Jeff L, Tue, 08/11/2020 - 16:54

Having kids at all, not being from San Angelo and still seeing SAISD taxes on your bill. This county is very greedy.

ironic, Wed, 08/12/2020 - 10:18

I am not normally a "conspiracy" guy, but let me throw this out there..............What do you think are the possibilities that this "reduction" is equal to or just slightly less than the cost required to change the school name???? It will be interesting to know!

Those kids still need to be educated. Remedy; on line teaching, with commensurate taxes;
[ (adj. Corresponding in size or degree; proportionate.] to current rate of taxation. We can all line up for our turn at the rail for bending over; do any of you really believe a school district will reduce taxation? Unicorns exist!

Those kids still need to be educated. Remedy; on line teaching, with commensurate taxes;
[ (adj. Corresponding in size or degree; proportionate.] to current rate of taxation. We can all line up for our turn at the rail for bending over; do any of you really believe a school district will reduce taxation? Unicorns exist!

Post a comment to this article here:

X Close