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County proposes 38.3-cent tax rate

By Kristen Tribe | Published Thursday, August 12, 2010

Wise County Commissioners gathered at the courthouse early Tuesday morning to discuss the county’s tax rate.

They proposed a rate of 38.3087 cents per $100 valuation, which is the effective rate. This is also slightly less than the current rate of 38.87.

Precinct 2 Commissioner Kevin Burns proposed the rate to include 29.3087 cents for the general fund and 9 cents for road and bridge.

A taxpayer whose home is valued at $100,000 would see about a $5 decrease in county taxes.

Commissioners meet again at 9 a.m. Monday, Aug. 16, to adopt a tax rate and the budget for fiscal year 2011.

At that time commissioners may consider lowering the tax a little more because the current draft of the budget was built around a rate of 38 cents per $100 valuation, according to County Judge Bill McElhaney.

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