Ferris property taxes decrease a penny this year
By 09/11/2003 00:00:00
The Ellis County Press
FERRIS - The property tax rates for the City of Ferris will be one cent less than last year's tax rate after the council adopted the new rate in a 3-2 vote Tuesday, Sept. 2.
The new tax rate, starting Oct.1, will be .585536 per $100 of valued property.
Taxes for a home valued at $100,000 would be $585.54, a savings of $15.23 from last year's tax rate.
Some residents said they are still paying more money with the lower tax rate, because appraisal values have increased for the third year in a row.
Last year a home valued at $80,000 paid $480.61 a year in taxes.
If the same home was valued at $100,000 this year, the homeowner would pay $585.54.
That's $104.93 more this year, just because home appraisals rose.
Mayor Pro-Tem Scott Born wanted to keep the tax rate the same as last year's rate of .600767.
He said the city has lost money every year the tax rate goes down.
'I don't want to raise taxes. I just want to keep the tax rate the same,' Born said.
'In order to provide service to the annexations, we need to increase our value.'
Born said if we let the tax rate continue to fall, the city will not be able to keep up with city services as the community grows.
Mayor Jimmie Birdwell broke a tie vote when he voted for the lower tax rate of .585536 with Hernandez and Burnett.
Born and Councilwoman Lori Perkins voted against the rate. They had voted for the rate to stay the same as last year's .600767, which, in effect would have raised taxes.
Councilman Fred Pontley was not present Monday's meeting.