WOODVILLE – The county is looking to raise more revenue from property taxes in its proposed 2026 budget, and will hold a public hearing next Monday, Sept. 8 at 9 a.m. in the Commissioners Courtroom, located inside the Tyler County Courthouse, on the first floor.
According to the proposed budget, it will raise more revenue for the county by an amount of $326,826 for the county’s general fund balance, which represents a 3.29% increase.
The other fund balance for the county, the County Special fund, or the road and bridge, is projected to see a 2.35% increase over the last fiscal year budget, or a dollar amount of $137,303.
The hearing will allow the taxpaying public the chance to make their voices heard concerning the proposed budget, prior to it being finalized.
The proposed budget, which was filed in the County Clerk’s office August 14, has until Sept. 30 to be finalized and adopted by the county’s Commissioners Court, in accordance with local government code. The new fiscal year begins on Oct. 1.
The property tax revenue that is estimated to be raised from new property that has been added to the county’s tax roll is $185,829 toward the General Fund and $79,874 for the County Special.
The current fiscal year budget is based on a tax rate of $0.6035 per $100 of valuation for the General Fund. That rate was approved under the no-new revenue rate, and the voter approval tax rate is $0.6929 per $100 of valuation.
For the County Special fund, that rate is $0.2594 per $100, with a voter approved threshold of $0.2919 per $100.
The no-new-revenue tax rate, which was defined in a 2019 property tax relief bill is, according to the state comptroller’s website, the tax rate that would produce the same revenue as the prior year for a particular taxing entity.
This rate enables the public to see the relationship between taxes for the prior year and the current one based on a tax rate that would produce the same amount of tax revenue if applied to the same properties taxed in both years.
According to the Truth in Taxation feature on the county’s website, that property tax burden is determined by locally elected officials, not the state legislature.
