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Maverick County opens hearing on proposed 0.394529 tax rate for fiscal 2025

Maverick County Commissioners Court · September 26, 2024
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The Commissioners Court opened a public hearing on Sept. 26 on a proposed tax rate of 0.394529 per $100 valuation for fiscal year 2025; the judge said the proposed rate exceeds the no-new-revenue rate but is below the voter-approval threshold, and no public comments were offered.

Maverick County’s Commissioners Court opened a public hearing on Thursday evening on a proposed property tax rate of 0.394529 per $100 valuation for fiscal year 2025. The hearing began at 5:06 p.m., when the Presiding Judge read the proposed rate and related calculations into the record.

“The proposed tax rate is greater than the no new revenue tax rate,” the Presiding Judge said, noting the county’s no-new-revenue rate is 0.366219 and that the prior (2023) rate was 0.412198. The judge added that because the proposed rate does not exceed the voter-approval rate of 0.394529, the county is not required to hold an election on the matter.

The judge explained the comparison to last year’s rate and the practical impact: the proposed rate represents about a 4.29% decrease from 0.412198 to 0.394529, described in the meeting as roughly a two-cent change per $100 valuation. The judge also stated plainly the technical consequence: “This means that Maverick County is proposing to increase property taxes for the 2024 tax year” relative to the no-new-revenue baseline used for that calculation.

No members of the public addressed the court during the hearing, and the Presiding Judge closed the public comment portion at 5:09 p.m. The court did not take a final vote on the tax rate during the hearing; the matter remained on the agenda as the county moved to other business.

Why it matters: Changes to the county tax rate determine how much property owners pay to fund county services. The hearing recorded the county’s calculation of competing rates (proposed, no-new-revenue and voter-approval) and gave the public an opportunity to comment; none did. The next procedural steps will depend on whether the court later adopts the proposed rate at a subsequent agenda action.