Texas Town Charged Residents for Retired Bonds

Did we forget to mention those were already paid off?

Even though its debts were paid, a municipal utility district in Corinth in North Texas kept taxing residents, bringing in tens of thousands of dollars.

The district had retired its bonds in September 2010, which paid for water and sewage infrastructure to the town for three decades and were funded by a property tax of 65 cents for every $100 in value, a bill of $1,079 on a $166,000 home. But the district continued to tax residents at a rate of 15 cents per $100 valuation, bringing in $100,000 to the Corinth Municipal Utility District #1 after the services had been paid off.