Denton County Commissioners Court and county staff are currently working on the upcoming budget, and all indications are that it will result in a reduced property tax rate for county residents.
The county budget office proposed a new tax rate of 24.8578 cents per $100 property valuation, more than a penny lower than the current rate of 26.2 cents per $100 value.
“With property values on the rise, it is important to reduce the property tax rate in order to decrease the property tax burden,” said Commissioner Andy Eads.
“Denton County is a growing county, and the new properties hitting the tax rolls enables us to reduce the rate while still addressing the needs of our growing county population.”
The county budget is supported through eight funding sources: property taxes, motor vehicle registration, intergovernmental revenues, county office fees, fines, interest, refunds/reimbursements and fund balance.
Commissioners will hold their final workshop discussion for the budget on Tuesday and vote on the budget and tax rate on Sept. 6. The new budget will take effect October 1.
The entire proposed budget can be viewed online at http://bit.ly/2a8Lgh3.