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Rusk County plans to raise effective tax rate for 2012

Rusk County plans to raise effective tax rate for 2012
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POSTED: Tuesday, August 14, 2012 - 12:33pm

UPDATED: Tuesday, August 14, 2012 - 12:44pm

Rusk County commissioners voted Monday to increase the tax rate slightly less than 3 percent to fund a budget less than $36 million.

Commissioners agreed to base the county’s 2012-13 budget on an effective tax rate of 43.19 cents per $100 valuation — a 2.6 percent increase. The effective tax rate is the rate required to generate the same amount of revenue as the previous year.

County taxes on a property valued at $100,000 would be $431.90 per year, up from $420.70 from this fiscal year.

Read more from the Longview News-Journal.
 

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