The Bandera County River Authority and Groundwater District will hold a public hearing on its proposed tax rate for the upcoming year, a rate this would grow by almost 6.5 percent if approved as is, on Thursday, Sept. 17, at the district’s headquarters, 440 FM 3240 in Bandera.
The river authority board has proposed a tax rate of 4.4893 cents per $100 valuation for the year that starts Oct. 1, which is a little more than a quarter-of-a-cent increase from the current rate of 4.2165 cents per $100 valuation.
When the proposed tax is applied to the homestead that is considered the average priced residential homestead in the county, the tax levy on that home would reach $77.16 annually. That’s $5.72 more than the tax payout on the average priced home in the county this year, the district calculated.
The increase is partially due to the fact that the taxable value of the average priced home in the district is expected to increase by more than $2,000 in the new year, to $177,160, officials said.
The proposed tax rate was unanimously approved by the district’s board to help finance a budget that is expected to grow to $1.1 million in the upcoming year.
That’s about $55,000 more than the district’s current budget and includes about $40,000 from partner agencies in an innovative flood warning system that is being installed along the Sabinal River and in its watershed, district officials said.
BCRAGD General Manager David Mauk said the budget provides funding for no new staff members or significant capital upgrades.
It does provide funds to finish out the warning system on the Sabinal that duplicates the cutting-edge system already installed along the Medina River and to proceed with the lawsuit it has filed against the Bexar-Medina-Atascosa Water Control & Improvement District No. 1, said officials.
Thursday’s meting will begin at 9 a.m.