The Brownsville Navigation District Board of Commissioners approved lowering the overall tax rate for property owners living within the district with an effective date of Oct. 1.
The measure, approved unanimously at a regular board meeting held Sept. 9, sets the 2020 property tax rate for the BND at $.029778 per $100 valuation, a 17 percent decrease from the previous year’s adopted tax rate which was set at $.035920. The 2020 property tax rate is comprised of a debt rate of $.004864 per $100 valuation and a maintenance and operations rate of $.024914 per $100 valuation.
“The Brownsville Navigation District commissioners and port staff are focused on advocating for the best interest of the district’s taxpayers,” said John Reed, BND chairman. “This decision reinforces our commitment to the residents of Brownsville, Olmito, Los Fresnos and Rancho Viejo by lowering the tax rate, something very important this year as we battle a global pandemic that’s impacted the nation’s economy.”