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KARNES COUNTY 2014 TAX RATE PUBLIC
HEARING
WILL WE INVEST IN OUR COUNTY?
Karnes County Tax Rate 2008-2014
2008 2009 2010 2011 2012 2013 20140
0.1
0.2
0.3
0.4
0.5
0.6
0.7
0.8
0.684
0.6193
0.5
0.4269
0.2943
0.187
0.3
Tax Rate
Texas Tax Law
Property value increases cause tax rate cuts so tax revenue stays the same.
TAX RATES
PROPERTY VALUES
Exception – “New Property” (improvements) not counted as an increase in property value.
Reason – New Property causes increased need for county services and more strain on infrastructure.
Problem! New mineral production not treated as New Property, so values of new wells drives down tax rates.
*Ignores additional needs for county services and infrastructure maintenance issues caused by production.
“Effective Rate”The tax rate that would produce the same tax revenue as last year.
“Rollback Rate”The tax rate that would produce 8% more tax revenue than last year.
2013 Tax Rate Comparison
Dewitt County Bee County Wilson County Live Oak County Atascosa County Karnes County
0.46937 0.4610.4364 0.42397
0.3406
0.187
Surrounding Counties Karnes County
2014 Proposed Tax Rate Comparison
Wilson County Dewitt County Bee County Live Oak County Atascosa County Karnes County0
0.05
0.1
0.15
0.2
0.25
0.3
0.35
0.4
0.45
0.50.4738 0.46937
0.44564
0.3696 0.3632
0.3
Surrounding Counties
Karnes County Tax Payable on $100,000 Home
2008 2009 2010 2011 2012 2013 Proposed 2014$0
$100
$200
$300
$400
$500
$600
$700
$800
$684
$619
$500
$426
$294
$187
$300
Tax Payable
Where does the Tax Income come from?
2008 2011 20140%
10%
20%
30%
40%
50%
60%
70%
80%
90%
56%
31%
4%
16%
22%
12%
28%
47%
84%
Land Industrial Minerals
Karnes County Taxable Values
56%
16%
28%
2008
Land Industrial Minerals
4%12%
84%
2014
Land Industrial Minerals