As it has in years past, the Court opted for four percent increases, the most allowed by state law that doesn’t require a public vote.
Once adopted at the next meeting, Sept. 6, the Fiscal Court Compensation rate for real estate will increase .3 cents, to 7.9 cents for every $100 of assessed value. Real estate taxes ear-marked for the hospital, ambulances and the health department will be increased by .2 cents, to 7.5 cents.
Fiscal Court and health-related tax rates on personal property will become 10.25 and 11 cents per $100 of value, respectively.
Motor vehicle and watercraft tax rates will remain unchanged.
The new tax rates mean a house valued at $100,000 will pay $500 more in real estate taxes.
The new rates will generate more than $31,000 in additional revenue for the county and its health facilities.
For the rest of this story, please see this week's edition of The Cadiz Record.
