While the tax rate has gone down some, higher appraisals have skyrocketed, and will bring in substantially more tax revenue.
The proposed tax rate, which is the highest allowed without holding an election will be .4743. Total property tax revenues under this rate will raise $23.7 Million, about 7% or $1.5 million more than the previous fiscal year.
The average taxable value of a home in Medina County increasd from $190K to $215K, an increase of about $25,444 or 13.38% increase.
The local Pct. 4 county commisioner urges residents to voice their opinions.
“You are going to hear how low the Tax Rate is and how it has gone down each year for the past several years. But remember that our Property Appraisals are higher than they have ever been,” said Comissioner Jerry Beck. “Our taxes have never gone down or even leveled off.”