County takes compensating rate, will produce same revenue as last year
By Calen McKinney
Wednesday, September 12, 2012 at 1:51 pm (Updated: September 12, 9:19 pm)
Property owners in Taylor County will see a very slight increase in their tax rate this year, which means they could be paying just a bit more.
Tax rates for some local taxing districts will increase this year, though the county’s property tax revenue is expected to remain the same with a rate that is a bit higher than last year’s.
Taylor County Fiscal Court has each year approved a “compensating” tax rate, which means that the new tax rate is expected to bring in the same amount of money as the previous year’s rate.
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