The Grimes County Commissioner’s have adopted a new tax rate for next year.
At the Wednesday meeting, the Commissioner’s approved a new tax rate of .526933, a decrease from years past.
“The previous tax rate was .530261. Therefore, the citizen’s of the county would enjoy a tax rate reduction, although small, it is a reduction of .003328,” said County Judge Joe Fauth at the meeting.
The old rate he mentioned was held steady for around 10 years, 2010 being the last change.
A public hearing was held before the meeting for discussion, where Fauth discussed the order they enacted amid the COVID-19 pandemic, which allowed them to put a precautionary 8 percent tax rate increase in the budget, until final numbers got to them.
“Once the District Tax Office confirmed what our revenue’s were going to be, and we also saw the sales tax…did not drop off significantly, as we somewhat anticipated it to do when we put together the preliminary budget. So, we did not have to draw on any of those area’s, we were able to go with the revenue’s we received. And that calculate to .526933,” said Fauth.
The Commissioner’s approced the new tax rate by a 5-0 vote.