Taxes

Wed
31
Aug

County lowers 2017 tax rate by 1.4 percent

BY ALEXANDRIA RANDOLPH/BURNET BULLETIN

 

Burnet County Commissioners Court officially decreased the ad valorem tax rate for the second fiscal year in a row.

Commissioners Court met on Tuesday, Aug. 23 and approved an effective tax rate for the 2017 fiscal year that is a 1.4 percent reduction compared to last year's rate.

Burnet County Judge James Oakley said the new rate, which is .3969 per $100 valuation, will amount to a $369.90 tax per year for a property valued at $100,000. For those residents whose property values didn't rise this year, the new tax will represent a 1.4 percent reduction in their county taxes.

The lower effective rate is the “culmination of rising property values in the county,” Oakley said. “It would have been a lot lower this year, but we had a lot more seniors qualify for the tax freeze.”

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