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Eagle Ford: Stockdale council proposes tax hike
STOCKDALE -- After two years at the same rate, Stockdale’s ad valorem tax rate is set to increase by 0.29 cents for a rate of 34.04 cents per $100 of assessed property value.
The Stockdale City Council held a second public hearing held Sept. 12. According to Stockdale City Manager Banks Akin after the hearing, no members of the general public attended.
The proposed new rate is 0.29 cents higher than the current 33.75 cents per $100 of assessed property value and is an increase of 7 percent over the city’s effective tax rate. The council is set to vote on this rate during its Sept. 17 meeting.
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. With a rate of 34.04 cents per $100 of value, the average taxpayer will pay $298.32, or $2.55 more than at the current rate.
The total certified appraised market value for the city of Stockdale increased by 36.16 percent, to $60,683,756. Last year’s total was $44,567,874.
Stockdale City Council public hearing, Sept. 12.
*** In attendance: Mayor Johnny Stahl, councilmen Saul Bosquez, Becky Adams, and Roger Armstrong, and City Manager Banks Akin.
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