Kilgore proposes 2-cent property tax increase
POSTED: Wednesday, August 14, 2013 - 5:35pm
UPDATED: Wednesday, August 14, 2013 - 5:44pm
Kilgore, TX (Longview News-Journal) — Residents here will pay slightly higher property taxes in the coming fiscal year if council members approve the 2-cent hike they proposed Tuesday on a unanimous vote.
Taxpayers have two chances to add their own two cents to the discussion during public hearings at Kilgore City Hall on Aug. 27 and Sept. 3.
The council also agreed Tuesday to host an Aug. 27 public hearing on the $15.5 million daily operations budget that tax rate will support.
The proposed 42-cent tax rate is expected to pull in about $11 million from property owners. The rate would bring a $420 tax bill on a $100,000 home with no exemptions claimed.
“This just means the maximum we can go is 42 cents,” City Manager Scott Sellers said of the tax vote in September.
The hike was added to the budget to meet an aggressive quality-of-life agenda that includes $7.3 million in capital improvements, Sellers said.
Continue reading this story from KETK newspaper partner the Longview News-Journal here.