KETR

property taxes

KETR

Commerce Mayor Wyman Williams says the City Council received a report from Acting City Manager Ned Muse that the city actually saw an increase in sales-tax and property tax revenue during the 2019-20 fiscal year, just ended, despite the coronavirus lockdowns.  One reason is a new state law that allows cities to receive sales taxes from online purchases. 

KETR

Commerce Mayor Wyman Williams says the City Council has not yet set the 2020-21 property tax rate, but he and the council do not expect that there will be a tax increase.  The mayor says the city is actually running ahead of its budget for property tax collections and sales taxes this year, despite the coronavirus shut down.

KETR

Commerce Mayor Wyman Williams says city revenues from sales taxes and property taxes are holding up pretty well during the coronavirus crisis.  The mayor says the city got a good audit report recently, that will help in the recruitment of new city manager.

Photo by  Pepi Stojanovski
Photo by Pepi Stojanovski

A new report from WalletHub puts Texas near the bottom of the list in terms of property taxes and affordability. In fact, the report puts Texas sixth-to-last based on how much residents pay for what they own.