Local News

Victoria College tax proposal could raise property taxes

Property Tax

VICTORIA, Texas - The Victoria College will have two public hearings that could affect homeowners property taxes. This proposal is to increase property taxes. The first hearing is August 26 at 2200 E. Red River at 4 p.m. It will take place in the Corporate Training room at the Academic Building.   
 
Caleb Shaw the owner of Shaw Realty, said “Victoria property owners are taxed enough already, they just don't have enough,”. 

The amount of taxes imposed last year on the average home was approximately $345. According to Victoria College, this year the taxes imposed is $346 dollars on the average home. 

“I've never understood the thought of taxing your way to prosperity and when you raise taxes on people you lower their buying power. You lower the ability that they have to get a bigger home or to expand,” said Shaw.       
 
If the committee agrees to raise taxes Shaw says he thinks this will make a lot of homeowners sell their homes or lose them.
  
“I have people who bought conservative several years ago. They bought well under what they could afford. Now that taxes have gone up so much their having to sell those homes and those things have a ripple effect. People who are looking to come into the community, the first thing they look at is taxes and were high,” said Shaw.    
  
Victoria College has not yet responded to our request for a statement regarding the proposed tax increase.

If you can't make the first hearing, a second one will be held on September 3rd at 4 p.m in the Victoria College Corporate Training room at the Academic Building.
 


Crossroads Region News

Stay In the Know