And that penny-and-a-half difference means the county will rake in an estimated $10.5 million more from existing taxpayers than last year, a fact admitted in the proposed budget.
“This budget will raise more property tax revenue than last year’s budget by $21,364,867, a 7.2 percent increase and, of that amount, $10,894,084 is tax revenue to be raised from new property added to the tax roll this year,” reads the county budget documents.
The Williamson County Commissioners Court are also asking voters to approve $412 million in additional debt for road improvements and $35 million for additional parks and recreation projects.
Currently, Williamson County collects a 16.75 cent tax per $100 valuation in order to pay for debt service. If the bond were to pass, that rate would remain the same; but if it were to be rejected by voters, taxes would eventually go down.
“This budget will raise more property tax revenue than last year’s budget by $21,364,867, a 7.2 percent increase and, of that amount, $10,894,084 is tax revenue to be raised from new property added to the tax roll this year,” reads the county budget documents.
With county population growth less than 5% annually over the last 5 years, why are the commissioners raising your property taxes 7.2%?
Here is the population growth for Williamson, County.
Click on Graph to Enlarge
Ask your commissioners why they are increasing your property taxes at a 75% faster growth rate than the population!
The Wilco Commissioners have passed two opportunities to reduce your property taxes; 1. reduce the tax rate to the effective tax rate; 2. do not ask the voters to authorize more bonds, thus reducing the existing bond payments as they are paid off and therefore reducing the taxes required for bond payments.
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