Quote:
Originally Posted by freerover
That's going to up a lot next year after TCAD updates appraisals for the first time in 2 years
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Remember there's still the 3.5% cap. If the average appraisal goes up more than 3.5% next year (almost undoubtedly, since it sounds like TCAD found a solution) the .0875 rate will have to drop to compensate.
Quote:
Originally Posted by freerover
and construction projects finish up adding more value to the tax rolls. Remember, every construction site you see is more money the next year for Project Connect.
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But yes, definitely this.
Another reason we need a new LDC. Every redevelopment happening under the old code is costing the city money (for transit and for general fund).