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Stockdale property-tax rate to rise
Stockdale residents will need to add extra money to their budgets, after the city council here adopted an increase of 2.63 cents for the city’s ad valorem (property) tax.
The council held two public hearings prior to adoption of the 2013 property tax of 36.67 cents per $100 of assessed property value, during the Sept. 23 special called meeting. The new rate will increase total taxes by 7.37 percent, said Stockdale Secretary Thania Santos after the meeting.
The property-tax rate comprises:
•26.57 cents for maintenance and operations
•10.10 cents for debt service to repay a U.S. Department of Agriculture Rural Development loan for infrastructure within the city.
According to the Wilson County Appraisal District’s certified numbers, the average single family taxable home value in Stockdale is $87,746, down from last year’s $87,941. The average taxpayer will pay $321.76, or $23.07 more, at the new rate.
The total certified taxable value for the city of Stockdale increased by $2 million, to $50,701,099 from $48,669,969.
In attendance: Mayor Ray Wolff; councilmen Sherry D. Lambeck, Scott Soden, Saul Bosquez, Becky Adams, and Roger Armstrong; and City Secretary Thania Santos.
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