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Utilities, tax rate to rise
STOCKDALE -- Residents living within the city limits of Stockdale will need to add extra money to their budgets, with an anticipated increase in the city’s ad valorem tax being proposed. The current rate has been in effect for two years.
According to Stockdale City Secretary Thania Santos after the Aug. 13 city council special meeting and workshop, the council elected to set the 2012 ad valorem tax at 34.04 cents per $100 of assessed property value. This rate is 0.29 cents higher than the current 33.75 cents per $100 of assessed property value. The proposed rate is an increase of 7 percent over the city’s effective tax rate.
According to the Wilson County Appraisal District’s certified numbers, the average taxable home value in Stockdale is $87,638, up 1.88 percent from 2011, which was $86,025. If the proposed rate of 34.04 cents is approved, the average taxpayer will pay $298.32, or $2.55 more than at the current rate.
The total certified market value for the city of Stockdale increased by 36.16 percent, to $60,683,756, up $16,115,882 from last year’s total of $44,567,874.
Santos added the council also is considering increasing the water, sewage, and gas rates as well.
The council also:
•Set Wednesday, Aug. 29, at 6 p.m. for the first public hearing to discuss the 2012-13 city budget and the proposed tax rate.
•Approved to pay the $375 claim for damages to Jean Daniels’ property in mid-July. Daniels alleges IESI, the city’s trash pickup provider, damaged a retaining wall.
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