A recent mailing from a Galveston County commissioner implies that the commissioners court has cut taxes by 12.2 percent in the last seven years. Actually, the commissioners have cut the tax rate per $100 of appraised value by 12.2 percent. Early in the mailing, the commissioner does correctly say the tax rate was reduced. However, toward the end of the statement, the implication is that taxes decreased.
Property taxes are dependent on two things: the tax rate per $100 of appraised value and the appraised value of our property. The appraised value of three randomly selected homes in my subdivision has increased by 22, 36 and 44 percent, respectively, in the last seven years. That is an average increase of 34 percent.
The commissioner fails to mention that the increase in appraised value has far exceeded the decrease in the tax rate. The taxes on the randomly selected houses have increased by an average of almost 18 percent. It’s the spin cycle!