Brown County Commissioners will convene for the second public hearing on the county’s tax revenue increase at 9 a.m. Thursday, in the commissioners’ courtroom, on the main floor of the Brown County Courthouse.
The first hearing was held Monday, when commissioners met in regular session. No one came forward to speak publicly on the tax rate.
The proposal is for an increase of total tax revenues from properties on the tax roll in the preceding tax year by 4.83 percent. The proposed tax rate is 54.5 cents per $100 valuation, down from the 2006-’07 adopted tax rate of 55.05 cents per $100 valuation.
But, explained Brown County Judge Ray West in the Monday court meeting, an individual’s taxes may go up, or may go down, depending on whether his or her property was reappraised in the past year.
And, West said, a tax hearing is not a budget hearing. The county budget hearing is set for Monday.
According to the public hearing notice, the total appraised value of all property for the current tax year is $2.06 billion, in increase over the preceding tax year appraised value of $1.94 billion. Appraised value on new property for the current year is $31.97 million, down from $50.96 million, the preceding tax year. Total taxable property for the current tax year, is $1.78 billion, up from $1.66 billion the previous tax year.
Taxes that would have been imposed in the preceding tax year on a residence homestead at the average appraised value (excluding special exemptions for persons 65 years or older or disabled) are estimated to be $350.37, according to the notice. The taxes that would be imposed in the current tax year on a residence homestead appraised at the average appraised value in the current tax year (also excluding special exemptions for persons 65 years or older or disabled), if the proposed tax rate is adopted, are estimated to be $364.51. The difference being, if the proposed rate is adopted, an increase of $14.14 in taxes.