Once again, Austin is booming - but the City still needs more
THE CITY OF AUSTIN ADOPTED A TAX RATE THAT WILL RAISE MORE
TAXES FOR MAINTENANCE AND OPERATIONS THAN LAST YEAR’S TAX RATE. THE TAX RATE WILL EFFECTIVELY BE RAISED BY 5.1 PERCENT AND WILL RAISE TAXES FOR MAINTENANCE AND OPERATIONS ON A $100,000 HOME BY APPROXIMATELY $18.80.
And this is not the only hit to tax payers pocketbooks. Please see the post on house evaluation rates by Bill Oakley on his blog:
"You have probably heard the news by now. The Austin City Council “held
the line” and did not raise the property tax rate for the new City Budget.
Unfortunately, this is one of the worst examples of public deception and lack of
transparency that we have in our city. The entire process needs to be
reformed from top to bottom. But for now, let’s keep it simple and focus
on the tax rate issue.
On Tuesday, Sept. 10th the City Council gave each other high fives and whooped up a storm because they “did not raise the tax rate this year.” Mayor Lee Leffingwell deserves some credit for insisting that they not increase the rate and make things even worse. But what they gave us is a 3.8% tax increase.
Now let me explain how that happened..."
Read the full article: