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County staff outline tax-rate options, explain banked increments and veteran exemption limits
Summary
At a July 28 Creole County special meeting, county staff reviewed the FY2026 property tax calculations, explaining the no-new-revenue rate, the voter-approval rate and how unused increments are banked or lost; the commission discussed disclosing disabled-veterans exemptions but took no formal vote.
Creole County Judge called a special budget workshop July 28 to review FY2026 tax-rate calculations and the county’s options for adopting a rate that would fund next year’s budget. County staff walked the commissioners through the truth-in-taxation worksheet and explained three key rates: the no-new-revenue rate (the rate that would produce the same tax revenue as the prior year), the voter-approval rate (the no-new-revenue rate plus the state-authorized 3.5% increase) and an adjusted voter-approval rate that includes unused increments banked from prior years. "Values go up, rates go down," staff member Mister Crothers told the court while…
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