WILLIAMSON COUNTY PUBLIC INFORMATION OFFICE

  

Williamson County Commissioners Court Sets Tax Rate

 

            August 31, 2004 (Georgetown, TX) – Today, the Williamson County Commissioners Court voted to approve the 2005 tax rate at $.51 per $100 value.  The current rate is $.48 per $100 value.  The average home in Williamson County is valued at $150,969 making the average increase approximately $45. 

While the General Fund and Road and Bridge tax rates both declined slightly, the debt service tax rate increased three cents to $.178307 for an overall increase to $.512217.  The county issued $75 million in bonds this past spring as part of the $350 million road bond program approved by 72 percent of the voters in 2000.  This increased the county’s annual debt service from $28.2 million to $36.8 million.

            Last Tuesday, the Commissioners Court approved the county’s general fund budget of $80.8 million with projected revenues of $78.3 million.  The remaining $2.5 million will be taken out of cash ending reserves.

                        A breakdown of the tax rates is located below.

TAX RATE BY FUND

General Fund: .300545

Road & Bridge: .033365

Debt Service: .178307

Total: .512217

 

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