Wednesday, May 31, 2023

CARLOS CASCOS ON TAX APPRAISALS, THIS YEAR'S TAXES, REDUCING THE TAX RATE

 


Carlos Cascos

Assuming one's appraisals get reduced, they aren't going to reduce to last year's value.

All governmental entities will see a windfall in tax revenues if they maintain the same tax rate.

Budget adoptions will be coming up shortly.

These govt entities should do the right thing.

They can compute a 5% increase in tax revenues, and reduce their tax rate to reflect this.

This rate reduction will mitigate the increase in the appraisals a bit.

If all remain silent, our elected officials will assume that all are ok with it.

1 comment:

  1. Five Percent I can live with. I do not plan to protest since my livelihood was tied to a job paid for by taxes. But com'on man, everyone takes advantage of the inflation craze. Give me a break.

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