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Q. - This is both an inquiry and a statement.
On my most current tax statement there was an
indication that city taxes were reduced by sales tax $99.36.
To apply common sense, does that mean the more
sales tax dollars we generate the lower our property taxes will be?
If this is indeed the case, then I want to see
nothing but new businesses all over Terrell! I will even get on the
phone and solicit new businesses on behalf of our town !!!
Pass this on the the Economic Development
Answer - Thanks for the input. Do you know
that Terrell was one of the first Cities in the State to implement
the 1/2 cent sales tax to reduce property taxes?
This was a great decision since a large percentage of the sales
tax collected in our city is paid by people who do not live within
the City limits. How cool is that?
We are working hard to continue to attract more business, particularly
retail and restaurants. As a matter of fact we have a new person
on board at the City whose primary responsibility is to recruit
and assist new retail and restaurant development.
Thanks for letting me hear from you.
Hal Richards, Mayor