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Updated: 7:26 PM Aug 11, 2008
City of Bryan Eyes Tax Rate Increase
After seven years without a property tax increase, the city of Bryan is considering raising the rate by a penny. Posted: 10:39 PM Aug 10, 2008Reporter: Joe Brown Email Address: brown@kbtx.com |
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After seven years without a property tax increase, the city of Bryan is considering raising the rate by a penny.
The current property tax rate stands at $.6364 per $100 of assessed value. The new rate proposed is exactly one penny more, $.6464.
The effective rate, which is the rate needed to raise the same amount of revenue as last year, is $.6121. The proposed increase is well under the rollback rate of $.6712.
Under the new rate, a family with a $100,000 home would see its tax bill go up $10 a year.
The city council will vote Tuesday on placing the proposed increase on its September agenda.
Latest Comments
Posted by: Anonymous
Location: Bryan
on Aug 12, 2008 at 01:19 AM
We need code enforcement and police services not downtown money. If most areas of Bryan had some type of crime and ghetto control, So many people would not have moved business out of west Bryan.
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Posted by: PK
on Aug 11, 2008 at 04:39 PM
More money for Downtown Bryan! More money for Conlee's pocketbook! Citizens if you are against the raise, show up at tomorrow's council meeting and sign up for Hear Citizens. Get involved. Its the only way. We have no other way of taking control.
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Posted by: Laughing Outloud
Location: Bryan
on Aug 11, 2008 at 04:28 PM
Anonymous, it doesn,t matter if taxes increase due to propety values going up or a tax rate increase, the amount of money a homeowner has to pay to the extorsionist[goverment] is still to much. I like, everyone else, would like to see the elected officials take care of the city and not themselves. To do that means no more TIFs for the developers, no more tax abatements for out of town businesses, and land giveawys to A & M. In other words a healthy growth occurs naturally [its called the free market system] from supply and demand.
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