VZC Commissioners Court approves budget and tax rate

In a 4-1 vote, the Van Zandt County Commissioners Court approved an increased tax rate for the 2017 tax year during their regular meeting Sept. 12.

Commissioners approved a tax rate of $.61587 per $100 valuation which exceeds the preceding year’s tax rate ($.585847), the effective tax rate ($.552805) and the rollback tax rate ($.587864).

The effective tax rate is the total tax rate needed to raise the same amount of property tax revenue for VZC from the same properties in both the 2016 and 2017 tax years.

The rollback tax rate is the highest tax rate that VZC may adopt before voters are entitled to petition for an election to limit the rate that may be approved to the rollback rate.

All four county commissioners voted in favor of the 2017 tax year rate including Brandon Brown (Pct. 1), Virgil Melton Jr. (Pct. 2), Keith Pearson (Pct. 3) and Tim West (Pct. 4). VZC Judge Don Kirkpatrick voted against the proposal.

In a separate vote Sept. 12, all four county commissioners voted in favor of the fiscal year 2018 budget which begins Oct. 1, 2017 and concludes Sept. 30, 2018.

Two public hearings on the proposed 2017 tax rate were held last week (Sept. 5 and Sept. 8) by the VZC Commissioners Court as citizens were given the opportunity to express their views.

To read the full article, subscribe to the Wills Point Chronicle or pick up a copy from one of our vendors.