Property Tax rates going up 9.2% in Somervell County

Retirement costs increasing in Somervell County/Glen Rose

Property Tax rates going up 9.2% in Somervell County

29 September 2016 at 10:25:41 PM

When folks retire one thing they want is low taxes. Property taxes used to be low in Somervell County which includes Glen Rose, Texas because of the Comanche Peak Nuclear Power Plant. But recently, because of how energy in Texas is calculated and the decrease in the price of natural gas has caused the value of the plant to decrease. Some public entities did not plan accordingly and tax rates are skyrocketing in Somervell County. The City isn't really affected because they don't get tax revenue from the power plant since it is not within the city limits so they aren't listed below but they are a taxing entity for those that live in the city.

2008 Tax Year

Entity Code Description Tax Rate Per $100
GSO Somervell County 0.340800
SGR Glen Rose ISD 0.894200
WSO Somervell Water 0.126600
  Total 1.3616

2015 Tax Year

Entity Code Description Tax Rate Per $100
GSO Somervell County 0.41159
SGR Glen Rose ISD 0.93400
WSO Somervell Water 0.11800
  Total 1.58709

Notice 2015 was a total increase of 16.5% since 2008 over 7 years but it should be noted that the Water District lowered their taxes during this time but the County spunoff the hospital district and the school built a new stadium, so now...the first wave of devaluation of the power plant happens and you see what's happening below...

Proposed 2016 Tax Year

Entity Code Description Tax Rate Per $100
GSO Somervell County 0.46159 (+12%)
SGR Glen Rose ISD

 .9740 (+5%)

SHD HOSPITAL DISTRICT 0.1737486 (+40%)
WSO Somervell Water 0.124 (+5%)
  Total 1.7333386 (+9.2%)

So now within three years after the Hospital District was created, they have about maxed out their legally allowed tax when they initially told everyone it would never get that high. The County was supposed to save 8% when they spunoff the Hospital District because the indigent care didn't have to be on the budget anymore, what happened with that Commissioners Court? Looks to me like folks got a little too comfortable with those large budgets and now are afraid to cut anything...while funding the expo center, the golf course, the pecan family medical clinic in Hood County, etc. Your tax dollars being wasted...I would say turn out and vote but there isn't anyone on the ballot to trade out with the ones raising your taxes right now...not until May when you can put in a couple new hospital district board members.



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