Wood County’s tax rate will drop by a penny from this year’s to fiscal 2019.
Commissioners approved the tax rate of $.5799 per $100 of valuation for 2019, down from $.5899 per $100. The decision came during a public hearing at the courthouse Sept. 4. County Judge Bryan Jeanes attributed the rate decrease to an increase in recent property appraisals.
“Appraisals create additional funds for the county. So when it goes up, we cut the rate,” Jeanes said.
He added it gives the county the chance to give money back to the taxpayers.
The next meetings and hearings will be for the budget on Sept. 17. Discussions are scheduled for 8:50 a.m., 8:55 a.m. and 9 a.m. Once the budget discussion is complete, approval could be made afterwards, Jeanes said.
Jeanes said he hasn’t heard any grievances regarding the proposal, just some minor questions about insurance policies from employees.