Kerrville City leaders say there will be total transparency regarding possible tax rates

The Kerrville City Council on Tuesday unanimously approved Kerr County Tax Assessor-Collector Bob Reeves to calculate the next year’s property tax rate limit using a higher, special formula.  Kerrville Mayor Joe Herring, Jr. said higher property tax rates could be implemented in Kerrville to pay for damage caused by the July 4 floods.

The voter-approval tax rate is the maximum a single governing body can raise taxes without receiving voter approval under state law.  It is not the actual tax rate charged to residents.  Tuesday’s action does not require them to raise property taxes to the level of the voter-approval rate calculated by Reeves.

The Kerrville city manager’s office reported an estimated $3-11 million in damages to municipal property in its workshop, held prior to the council meeting.

“We will be very transparent about all these discussions,” Herring said.

City leaders are scheduled to hold a budget workshop at 3 p.m. on Tuesday, July 29.