EDINBURG — Hidalgo County commissioners plan not to deviate from its current tax rate after voting Tuesday to keep it at 58 cents per $100 valuation.
Such action maintains the 1-cent reduction approved last year, from 59 cents to 58 cents.
“Last year, after not raising taxes for well over a dozen years, commissioners court was able to lower taxes…,” Precinct 2 Commissioner Eddie Cantu said. “The county is in a strong financial state, which is why we are able to fund county operations without the need to increase the tax rate.”
The move comes as the county prepares to break ground on a new courthouse estimated to cost taxpayers about $150 million. Commissioners have been adamant that the project will not lead to a spike in the tax rate, and Tuesday’s move falls in line with that effort.
Because the tax rate falls below the effective tax rate of 59.78 cents per $100 valuation, or the tax that is required to maintain the county’s operating budget, commissioners will not have to schedule public meetings.
This year, the rate levied over $194.7 million in property taxes.
