A tax rate of $.7263 per $100 valuation has been proposed by the governing body of the City of Abilene.
- PROPOSED TAX RATE $.7263 per $100
- NO-NEW-REVENUE TAX RATE $.6985 per $100
- VOTER-APPROVAL TAX RATE $.7513 per $100
The no-new-revenue tax rate is the tax rate for the 2023 tax year that will raise the same amount of property tax revenue for the City of Abilene from the same properties in both the 2022 tax year and the 2023 tax year.
The voter-approval rate is the highest tax rate that the City of Abilene may adopt without holding an election to seek voter approval of the rate.
The proposed tax rate is greater than the no-new-revenue tax rate. This means that the City of Abilene is proposing to increase property taxes for the 2023 tax year.
A PUBLIC HEARING ON THE PROPOSED TAX RATE WILL BE HELD ON August 10, 2023 at 8:30 a.m. at the Abilene City Hall Council Chambers, 555 Walnut Street.
The proposed tax rate is not greater than the voter-approval tax rate. As a result, the City of Abilene is not required to hold an election at which voters may accept or reject the proposed tax rate. However, you may express your support for or opposition to the proposed tax rate by contacting the members of the City Council of the City of Abilene at their offices or by attending the public hearing mentioned above.
YOUR TAXES OWED UNDER ANY OF THE TAX RATES MENTIONED ABOVE CAN BE CALCULATED AS FOLLOWS:
- Property tax amount = (tax rate) x (taxable value of your property) / 100
FOR the proposal: Mayor Weldon Hurt, Councilman Kyle McAlister, Councilman Shane Price, Councilman Travis Craver, Councilman Lynn Beard, Councilman Blaise Regan, Councilman Brian Yates
AGAINST the proposal: none
PRESENT and not voting: none
ABSENT: none
Visit Texas.gov/PropertyTaxes to find a link to your local property tax database on which you can easily access information regarding your property taxes, including information about proposed tax rates and scheduled public hearings of each entity that taxes your property.
The 86th Legislature modified the manner in which the voter-approval tax rate is calculated to limit the rate of growth of property taxes in the state.
The following table compares the taxes imposed on the average residence homestead by the City of Abilene last year to the taxes proposed to the be imposed on the average residence homestead by the City of Abilene this year.
| 2022 | 2023 | Change |
|---|
Total tax rate (per $100 of value)
| $.7621 | $.7263 | ($.3058) or (5%) |
Average homestead taxable value
| $142,305 | $156,794 | $14,489 or 10.2% |
Tax on average homestead
| $1,085 | $1,139 | $54 or 5.0% |
Total tax levy on all properties
| $53,159,945 | $57,772,849 | $4,612,904 or 8.7% |
For assistance with tax calculations, please contact the tax assessor for the City of Abilene at (325) 676-9381 or earnest@cadtx.org, or visit www.taylor-cad.org for more information.
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