By Frank Williford –
A small note in the Weatherford Democrat stated the Weatherford City Council is considering a two cent raise in the real estate tax mil-rate. The City Manager doesn’t think it will be possible to avoid it. Maybe, if no one notices this tax increase can go down quietly and the city management will have validated they are doing a great job. The tax payers should look at the matter more closely and they will conclude they are being ripped off by a city management hostile to the taxpayer.
I own a home in Westover Village. It is just over one year old. It is not unlike the dozens of new homes recently built and currently being built around the city. These now homes will substantially expand the tax base and most of them will impose no additional burden on the city while increasing the city revenue for overpriced city services. Then there is the rain water tax increase also new this year. But let’s ignore this windfall to the city. The city certainly ignores it when crying poverty.
Let’s look closely at what the city will really glean from homeowners and see if you think the city is being well managed or it is just soaking the taxpayers.
At face value, this soon to be proposed increase appears as a two cent increase to the current 46.36 cent rate. A little over 4 percent. But look more closely, the city has just increased declared values by 2.9 percent before any change to the tax rate. One increase on top of the other is a form of compounding giving rise to a total tax increase of 7.34 percent to a home only one year old. This can hardly have any consideration for the taxpayer. The City Council needs to pay attention to what the real tax world is like and stop rubber stamping bad city management.