Aug 20, 2014 7:04 AM
VON ORMY, Texas (AP) - The mayor of a recently created San Antonio suburb wants to abolish a city property tax because of booming truck stop and online shopping sales.
The San Antonio Express-News reports (http://bit.ly/1lgB7OB ) Von Ormy mayor Art Martinez de Vara will ask the council to eliminate the levy in 2015. He says the city can instead rely on soaring sales tax revenues.
The city was incorporated in 2008. Its property tax has been lowered gradually in part due to the nearby Eagle Ford Shale. Residents on average would save about $150 per year with the elimination.
Residents would still be required to pay property taxes to the county as well as school, college and hospital districts.
Martinez de Vara says officials could reinstate the property tax if other revenues decrease.
Information from: San Antonio Express-News, http://www.mysanantonio.com
(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
2 hours ago
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