Today, the Hunt County Commissioners Court in a special meeting adopted the property tax rate and county budget for the upcoming fiscal year. County commissioners adopted the no-new-revenue rate for property taxes, which is 0.323328 cents per $100 of valuation. That’s down a little more than a tenth of a cent from the current rate.
The adoption of the budget and tax rate comes just a few days of the Sept. 30 deadline for counties to submit annual budgets to the State of Texas. A recently enacted state law requires counties that run up to the deadline with their budgets to adopt a property tax rate equal to or less than the no-new-revenue rate. The law is designed to prevent counties from raising taxes without the public having sufficient opportunity to weigh in on the changes.
This summer, commissioners had proposed a tax increase, which resulted in strong opposition from the communities of the county. Public response to the proposed rate led to the eventual default to the no-new-revenue rate.
