County: ‘Tax shift’ to keep same rate
August 13, 2013, 9:00 pm by James Walker
The Burnet County auditor told county commissioners Tuesday she will be recommending that they adopt the effective tax rate for the 2014 fiscal year.
The effective tax rate is the rate that the Burnet Central Appraisal District estimates will be needed to generate the same amount of tax revenue as Fiscal Year 2013.
"We are pretty much finished with the budget and I anticipate recommending the adoption of the effective tax rate,”Auditor Karen Lester told the commissioners during their regular meeting at the Burnet Countycourthouse.
The effective tax rate is .3951, which is higher than the 2013 tax rate of .3934 because more people in the county turned 65 and became eligible for an exemption and have their taxes frozen.
"It’s not a tax increase,” Precinct 1 Commissioner Bill Neve said.
"It’s a tax shift,” Pct. 3 Commissioner Ronny Hibler said.
The .3951 tax rate will mean an increase of $6.40 on a $100,000 property valuation, Lester said.
The commissioners and County Judge Donna Klaeger, who missed Tuesday’s meeting, are scheduled to hold a public hearing Aug. 27 and adopt the 2014 tax rate and budget.
The 2014 fiscal year begins Oct. 1.
For the full story, see Wednesday's Burnet Bulletin or Llano County Journal.
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