The City of Navasota city Council approved at their most recent meeting to keep the tax rate in town the same.
Finance director Lance Hall presented two options fort the taxes at the August 23rd meeting, but ultimately recommended that nothing change.
“Last year’s rate, the current one we are at, with a value of $476,175,357 is .5693. I am proposing keeping that rate the same…with that, we will bring in about $89,000 over what we brought in last year,” said Hall.
Hall presented a few options for new tax rates, which were all shot down. But, Councilman Bernie Gessner noted that while the tax rate itself is not increasing, taxes themselves will go up a little.
“The average home price is $136,492. At the ‘no new revenue’ rate, the tax on that is $752. At the rate we are proposing, it is $777. So, even though we are not raising the rate, taxes would go up by about $25 over the year, or about $2 a month, basically,” said Gessner.
The city council approved the tax rate of .5693, keeping it the same.
There will be public hearings set up for adopting the tax rate. The first is September 13th, and the second is September 27th.
For more information, contact the city at 936-825-6475.
