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Parker County’s proposed maintenance and operations (General Fund) tax rate has been dropped by approximately 1.4 cents per $100 valuation in County Judge Mark Riley’s 2018-19 proposed budget, which comes with a total tax rate decrease, to the effective rate of $0.383806 cents per $100 valuation.
Homeowners would pay $383.81 on a $100,000 home at the proposed rate.
At the newly proposed total tax rate of $0.383806, new property added to the tax roll this year will provide $1,233,449 to the General Fund Maintenance and Operations, $414,069 for the Lateral Road and Bridge Fund and $430,158 for Debt Service.
The county will adopt the budget and tax rate at a meeting held on Friday, Aug. 31 at 10 a.m. at the Parker County Courthouse.
Parker County continues to maintain one of the lowest tax rates in the state, with 87% of other counties in Texas having a higher total county tax rate. Parker County also maintains AA+ bond rating. There are no other governmental entities in Parker County that have the AA+ rating.
Savings created by the AA+ bond rating has been approximately $600,000 over the term of the county’s transportation bond program.