The Bandera County River Authority and Groundwater District has scheduled a Thursday, Sept. 5, public hearing on a proposed increase in the district’s property tax rate next year.
The proposed tax rate recommended by the district’s board would exceed 42 cents per $100 valuation compared to the current rate of just over 40 cents per $100 valuation, the river authority has reported. It reflects a jump of about 1.8 cents per $100 valuation, or an increase of about 4.5 percent from the old rate.
The average taxable value for a homestead and other property in the district for the 2020 fiscal year has jumped to $170,117, or almost $5,500 more than the average value for property this year.
Applying the proposed rate, the tax on the average homestead in the district next year would increase by $5.31 to $71.73, officials calculated. That equates to an increase of almost 8 percent.
The increased tax revenue will be used, the river authority said, to continue work on the innovative flood warning system that the U.S. Geological Survey is helping the agency implement along the Sabinal River and to take on court challenges and legislative issues that could affect property rights and water rights of district residents.
The flood warning system for the Sabinal is similar to the one that is being completed along the Medina River in Bandera County. River authority General Manager David Mauk said the systems will save lives.
The hearing will be at 9 a.m. Thursday at the authority’s office, 440 FM 3240 in Bandera.