On paper, it’s less than the 2024 tax rate, which was 42 cents per $100, an almost 5% decrease.
KERR COUNTY, Texas — As the hill continues to clean up and rebuild, Kerr County commissioners could decide on Monday on whether to approve the new property tax rate to help pay for disaster recovery.
Kerr County is proposing a tax rate that’ll give them the same amount of property tax revenue from last year. In the simplest terms, what they’re deciding won’t raise property taxes for this tax year.
The rate they’re proposing is 40 cents per $100 valuation. It’s the same as the no-new revenue tax rate, which is a rate that’s calculated to decide the tax rate that would keep the property tax income the same as last year.
On paper, it’s less than the 2024 tax rate, which was 42 cents per $100, an almost 5% decrease.
Except this tax rate will still be a hit to property owner’s wallets.
According to the county, the property values went up almost 10 percent, so the average homeowner’s bill will rise 5 percent, an almost $100 increase.
Based on this the county will be collecting around two percent more than they did last year.
There is one silver lining though. If properties are appraised now and someone’s home was wiped out, they bill could go down, because there is no building to evaluate.
There is a public hearing scheduled on Monday at 9:50 a.m. Afterwards commissioners will vote on the property tax rate.
We’ll keep you updated on what happens.