Two Panhandle counties could be among those in Texas that assess property tax rates that are higher than the year before.
Residents in Potter and Randall counties are bracing for likely higher property tax bills in light of commissioners proposing increased rates.
Texas Scorecard reported that Potter County commissioners are proposing a property tax rate of $0.69125 per $100 property valuation, which is above their “effective” tax rate, $0.66465 per $100 property valuation. The proposed rate will generate a 4 percent revenue increase from the previous budget year, or more than $3 million.
To the south, Randall County commissioners, Texas Scorecard reported, are proposing a tax rate of $0.44126 per $100 valuation, up from the current rate of $0.42406 per $100 valuation.
The effective tax rate, also known as the “no-new-revenue” tax rate, will tax the existing population the same amount in total as last year, Texas Scorecard reported.