LUBBOCK, TX -- As the budgets are coming together for different agencies for the upcoming year, the Lubbock County Commissioners voted to lower their effective tax rate for the upcoming year, while the Lubbock City Council will discuss possibly raising taxes.
Monday, the Lubbock County Commissioners voted that the effective tax rate would go from .345310 to .341358. For the average homeowner, Lubbock County Commissioner Mark Heinrich said that would be a savings of about $4.60 a year.
The Commissioners still need to do their final vote on the budget in September. This is the second year in a row that county commissioners have been able to lower their taxes.
"I mean, we're all taxpayers, but you've got to find that balance, in spending the taxpayers money wisely, and I think that's what we're doing this year and last year, is that we're spending it wisely, in that we're not being frivolous in what we're spending, it's just a need list, not a want list," Commissioner Heinrich said.
"When they're frugal with what their needs are to run their departments, then that helps us, because the less they ask for, then the less revenue that I need to find to cover their expenditures," Commissioner Heinrich said.
The Lubbock City Council is looking at potentially raising their property taxes. This will be discussed at their upcoming meeting on Thursday evening.
At this meeting, they will look at possibly raising their property tax rates about two and a half cents, which would be about an average of $29 a year for the average homeowner.
At Thursday's meeting, the Lubbock City Council will not be adopting this new rate. There will also be two public hearings on the proposed tax increase.
According to the Lubbock Central Appraisal District, the average cost of a single family home in the city of Lubbock is $119,541.