Editor’s note: This is the fifth and final article in a five part series on tax rates in Jack County.
The information selected within the graph illustrates tax rates, values and taxes levied for the two cities in Jack County, surrounding cities and cities with approximate populations and/or taxable values. The information represents 2012 data from the office of the Texas State Comptroller.
Of the 1,198 cities, towns and villages listed in the data, Jacksboro’s tax rate is the 16th highest in the state — 98.6 percent of cities in the state have lower tax rates than Jacksboro. The city is ranked 342 for actual taxes levied.
Bryson ranked 507th for its tax rate and 993 of taxes levied.
Cities collect revenue in various ways including ad valorem taxes, sales tax, utility sales, hotel/motel occupancy tax and various fees and fines. The City of Jacksboro tax rate of $1.18 is made up of the maintenance and operations rate of 59.18 cents per $100 of value and an interest and sinking rate of 58.82 cents.
The City of Jacksboro is operating under a $2.25 million general fund budget for fiscal year 2013-2014. The budget lists a projected collection of $685,000 in ad valorem taxes.
The budget also shows projected revenues of $400,000 in transfers from the water fund, $900,000 in sales tax, $250,000 in franchise fees and $120,000 in court fines.
The interest and sinking budget shows a projected budget of $1.266 million with $646,223 of that from ad valorem taxes and $598,709 transferred from water.
The City of Bryson’s only general fund revenue other than ad valorem taxes is sales tax.
“We keep utilities totally separated,” said Bryson City Secretary Frank Hefner. “The only time we move water money to the general fund is if a leak does damage to a road. We move money to fix that.”
Bryson is operating under a fiscal year 2013-2014 budget of $130,000 for the general fund.
“The expenditures balance out on general; and water has a deficit of $115,000,” Hefner said. “We’re doing a big project and having to pull from the fund balance. We’re replacing a water main that keeps causing us problems.”
He said the city’s goal is to maintain a $130,000 budget. Last year, Bryson voted in a half-a-percent sales tax increase raising the city’s portion from 1 percent to 1.5 percent. The total sales tax rate for Bryson is now at 7.75 percent.
“That’s the highest you can go without earmarking the additional half of a percent of that funding and we don’t have a place to earmark it,” Hefner explained. “It has to be for police or economic development.”
He said the city averages $6,000 to $7,000 a quarter in sales tax revenue or $24,000 to $28,000 a year.
To read the complete article, see the April 25 Herald.