Regular Smithville, TX property owner may possibly see $82 household tax maximize

The ordinary Smithville property owner could see an $82 raise on their once-a-year metropolis residence tax bill up coming 12 months if the Metropolis Council approves a proposed 54.90 cents for every $100 valuation tax rate for fiscal calendar year 2021-22. 

Although the metropolis is not proposing to maximize its tax fee, and as a substitute is proposing to have in excess of its recent fee into the forthcoming fiscal yr, house price appraisals this calendar year increased on average by about 8% from $170,000 in 2020 to $185,000 in 2021, in accordance to Town Supervisor Robert Tamble, hence the typical homeowner’s tax bill subsequent 12 months could enhance by the identical share dwelling values did, if the town retains the exact same tax rate next fiscal yr. 

For the common property owner to not have a tax boost next 12 months, the Metropolis Council would have to reduced its proposed tax level by much more than 5 cents to 49.40 cents for each $100 valuation.