City, County Weigh Tax Rate Options

Published by Waldo Jaquith on March 13, 2007 in Taxes. 2 Comments

Both City Council and the Board of Supervisors met last night, and both are considering their options on how to adjust the tax rate in response to assessment increases. The staff of each municipality has recommended keeping the tax rate the same, which would leave many home owners paying about 15% more than they are now. Three members of City Council have gone on record supporting a rate cut, though at a rate that will still leave many homeowners paying more in taxes. The Board of Supervisors asked county staff to determine the impact of a $0.06 rate cut, taking it down to $0.68 per $100 of assessed value. (Lowering it to $0.58 would leave tax payments flat.)

Supervisor Sally Thomas figures a $0.74 rate is necessary just to cover the county’s basic obligations and deal with the demands that keep increasing along with the population. (The taxes paid by new residents aren’t enough to cover the demand that they place on public services, meaning that taxes have to be raised on the rest of us.) Three members of the BoS support a $0.68 rate, one a $0.71 rate, one a $0.72 rate, and one a $0.74 rate.

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Comment on Mar 14th, 2007 at 8:52 am
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