New County Budget Raises Property Tax Rate 37 Percent

The Bowie County Commissioners Court approved a new budget that increased the property tax rate for the new fiscal year.

Property taxes will be about 37% higher, which is an increase from a rate of  $0.348363/$100 to $0.473610/$100.

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The increase comes after recent financial trouble for the county. In early July, county workers salaries were cut by 15%.

The tax hike is needed to payback a $5 million loan that the county obtained in June of this year to cover payroll expenses.

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The 2015 fiscal year starts October 1st, 2014. Check back for full budget when it becomes available.