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Parker County’s General Fund maintenance and operations tax rate has been dropped by 1.8 cents per $100 valuation in 2018-19 budget which was adopted with a 5-0 vote at Friday’s Commissioners Court meeting.
The adopted budget comes with a total tax rate decrease, to the effective rate of $0.383806 cents per $100 valuation.
“The court has lowered the operating rate by almost two cents and once again has adopted a budget based on the effective tax rate,” Parker County Judge Mark Riley said. “When a taxing entity maintains their same tax rate from the previous year, it is in fact raising your taxes.”
With the adoption of the 2018-19 budget, homeowners would pay $383.81 cents on a $100,000 home for all of Parker County government services which include law enforcement, the court system, property records, auto registration, animal control and much more. Cities, schools, ESD’s, Weatherford College and the hospital district are all separate entities that have their own tax rates to fund the services they provide.
Parker County maintains one of the lowest tax rates for counties in the State of Texas. Out of the 254 counties in the state Parker County’s tax rate is lower than approximately 220 of the other counties.
Growth and strong fiscal management has allowed Parker County to operate at the effective rate, according to Riley. Parker County maintains the highest bond rating of taxing entities in Parker County.
“County government is highly decentralized compared to other entitites,” Riley said. “We focus on the constitutional basics and that allows us to maintain one of the lower tax rates in the state.”
Riley said he is pleased with the adopted budget.
“This budget will meet the needs of our residents and allow us to provide our mandated services as efficiently as possible,” he said.