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Liberty council adopts lower 2025 ad valorem levy, sets aside reserve for new senior tax credit
Summary
The Liberty City Council unanimously approved a 2025 ad valorem property tax levy of 0.7929 — the lowest in 36 years — and agreed to set aside a reserve to cover uncertain revenue impacts from the recently enacted senior tax credit, Senate Bill 190.
The Liberty City Council on first reading adopted an ordinance setting the city's 2025 ad valorem property tax levy at 0.7929 for the 2026 budget year, a rate staff said would be the lowest in 36 years.
City finance staff presented the levy during a public hearing and recommended the lower rate after accounting for robust assessed-value growth and new construction. "If approved this evening, the 2025 levy would be the lowest levy rate in 36 years," said miss McClure, the city staff member who presented the levy analysis.
The levy calculation was based on the county's preliminary assessment rolls; final assessments…
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