Letter to Editor:
Jim Wells County Appraisal District just released the Official Taxable Values for 2017 and they are DOWN, again.
Jim Wells County----$1,910,466,237 (2016 Value) less $1,837,746,293 (2017 Value) =<$72,719,944> Lost Value. $72,719,944 (Lost Value) at JWC Tax Rate of $.0078= $ 567,192 Lost Tax Revenue. Therefore, JWC will be required to CUT EXPENSE by $567,192 or RAISE TAXES by another $567,192.
City of Alice----$869,372,005 (2016 Value) less $804,744,395 (2017 Value) =<$64,627,310> Lost Value. $64,627,310 (Lost Value) at Alice Tax Rate of $.0053= $342,526 Lost Tax Revenue. Therefore, Alice will be required to CUT EXPENSE by $342,526 or RAISE TAXES by another $342,526.
Alice School District----$1,161,650,708 (2016 Value) less $1,076,629,255 (2017 Value) =<$85,021,453> Lost Tax Value. $85,021,453 (Lost Value) at Alice School Tax Rate of $1.30= $1,105,278 Lost Tax Revenue. Therefore, Alice School will be required to CUT EXPENSE by $1,105,278 or RAISE TAXES by another $1,105,278 (unless the State bales the School out)
Last year (2016), the City of Alice Taxable Property Values DECREASED about $360 Million plus $140 Million (2015), plus another $140 Million (2014) plus an additional $64 Million (2017). A total DECREASE of about $704 Million in “Four Short Years”. The total Taxable Property Value of the City of Alice is down to only $804 Million from about $1.5 BILLION (Four Years ago).
Almost ALL of the about 54% Decrease in Alice’s Tax Base was due to “Oil Field Related Equipment” that is NO LONGER located in Alice nor JWC! The Companies MOVED and took their Taxable Property (and Sales Taxes) WITH THEM!
On top of Alice’s Tax Base Decreasing 54% (in 4 Years). Alice’s Sales Tax Revenue has “PLUMMETED” from $17 Million/year in 2012 down to a current rate of about $5 Million/year. A $12 Million Drop in Sales Tax Revenue (or a 70% Decrease in Sales Taxes).
What has happened to the City of Alice has also happened to the County. In fact Jim Well County has INCREASED their Tax Rate by 62% in the last 3 years!
Even with Alice’s Sales Tax and Property Values PLUMMETING and a 95% Tax Rate Increase: THERE ARE “PEOPLE” IN ALICE, THAT STILL WANT “ALICE TAXPAYERS” TO PAY FOR THEM TO “GO SWIMMING” (while Alice Taxpayers are Drowning)
What is it going to take for Alice and JWC Taxpayers to “Wake-Up” and “Do Something” about the City and County “Raising Taxes” instead of “Cutting Enough Expense”, and NOT RAISE TAXES?
Newell W. Atkinson III (a Very Concerned Taxpayer)