During a meeting held on Thursday the Court was presented information regarding the provisions by the County's Tax Office.

Under SB2 and since all the entire State has been declared a disaster due to the Covid-19 Pandemic it now allows for the 8 percent tax rate to be utilized for the preceding 2 to 3 years instead of the 3.5 percent that had been set. If the total taxable value of property in a particular area does not recover in the first two years, that local government will be able to set the rollback rate at 8 percent for a third year.

Any community using this disaster exemption to calculate the voter-approval tax rate will be using the same basic formula as it had used for the rollback tax rate prior to SB2’s passage.

This will assist local governments and give them some type of financial flexibility to deal with some of the economic impacts of COVID-19. The percentage increase under SB2 must be used for the sole purpose of responding to the disaster.

The Maverick County Commissioners Court approved the measure on a unanimous vote.