Tarrant County Commissioners are considering a proposed budget that would lower property taxes even though homeowner bills would be higher. 

The reason for a higher property tax bill is the value of homes and the cost to build them in Tarrant County continues to rise, Fox4News reports. 

"The need for housing is one thing that has overcome the people that want to sell their homes, and that is a supply and demand issue, which causes home values to go up," G.K. Maenius said, told by Fox4News. 

Last year the average home value in Tarrant County was on average $222,786. Halfway through 2021, it increased to $238,312, Fox4News said. 

Tarrant County announced a proposed rate of 22.9 cents per $100 of valuation. The rate is a 2.1% drop from last year, but the median price of a home has gone up 21.6% during the same time, from $255,000 to $310,000, reported by the Star-Telegram. 

State law limits local governments from raising property tax revenue by more than 3.5% a year without holding an election, told by the Star-Telegram. 

"When you compare us to the other big counties you’ll see that even before we move to a decreased tax rate, out of the six big counties in Texas, Tarrant County has the lowest tax rate of the big six," Maenius said. "It’s a position we’ve held in the past and we hope to hold in the future."