POSTED: Tuesday, August 21, 2012 - 7:00pm
UPDATED: Tuesday, August 21, 2012 - 7:14pm
Longview, TX — A property owner chastised Gregg County commissioners Monday during a public hearing for a tax rate that is dropping but still nets additional revenue.
“Anyway you slice it, I see the county raising taxes,” Peter Sacoccio told the court during its second public hearing on a 26¼-cent tax rate.
The rate itself is a quarter cent smaller than this year’s rate, but a 3 percent overall increase in property values translates to $482,000 more in property tax revenue.
“I’ve got a name for that,” Sacoccio said. “It’s called taxation through valuation. I’m happy with reducing it. But, given the status of our county and the conditions we’re in, I think we could do a little more.”
County Judge Bill Stoudt later said $265,000 of the increase in property taxes is from new homes.
“Three-quarters of the new revenue is new construction and expansion construction on people’s property,” he said.
He also noted the county’s rate continues to be among the lowest in Texas, this year’s rate the seventh-lowest statewide and the lowest for counties of 200,000 or fewer people.
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