Saturday, May 7, 2011
Property Taxes due May 10th took a significant increase for many residents here in the Conservancy. The county property tax rate increased due to school budgets. The local conservancy taxes also increased significantly. Last year, the conservancy had to borrow roughly $300,000 for operating expenses. A lawsuit caused the DLGF (government funding agency) to hold approximately $300,000 used for mainly for security. The lawsuit was settled and now the conservancy is recovering the $300,000 in a one time tax levy. Good news....next year the conservancy tax should decrease significantly.