In the hardships of an economically disarrayed America, property tax rates for homes and especially farmers is raising as value is falling. That is the issue with the citizens of White Settlement, Texas who have actually requested an increase in property tax rates. The city has been faced with a 16.4 percent downturn in property values if they cannot pay off the 8 million dollar budget for the next fiscal year. To find a sound solution for paying debts off, the tax rates on property has been raised.
This becomes hard work for the farmers, whose income depends largely on their output of crops and livestock, as they now need to work extra hard and long for little more product value in their output. Currently, the property tax rates in the area are 68 cents per $100 of assessed value and to withdraw $402,000 from the city’s reserves, but some have suggested an 84 cent rate per $100 of assessed value. The City Council seems to be agreeing on a 77 cent rate to be adopted on the September 14 meeting. One citizen was quoted on the topic of withdrawing from reserves to not, “…take money out of the reserves to rob Peter and pay Paul.”
Everywhere, farmers are forced to make sacrifice to keep the value of their land so that their income remains at its current number, or to increase that number. People’s food is costing much more than they can pay.
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