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Belton adopts FY2025 budget, sets tax rate at 52.25¢ per $100 of value
Summary
On Sept. 10, Belton City Council adopted the fiscal 2025 budget and set the ad valorem tax rate at $0.5225 per $100 of taxable value. Council ratified an increase in property tax revenue tied to rising appraisals and approved the budget in a recorded vote.
Belton City Council adopted the city's fiscal year 2025 budget and set an ad valorem tax rate of $0.5225 (52.25¢) per $100 of taxable value during its Sept. 10 meeting.
Staff told the council the proposed rate exceeds the "no new revenue" benchmark, noting taxable property values had increased by about 8.42% to just over $2.3 billion and that the average home value rose to $296,559. "That $52.25 rate would cause the average taxpayer to pay about $93 more than last year," staff said. The council opened a public hearing on…
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