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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 the rate and received no public comments.
Council also ratified the increase in total property tax revenue reflected in the FY2025 budget, which staff reported as $739,330 based on the proposed rate. Staff recommended adoption of the FY2025 budget after the public hearing and ratification; a recorded roll-call vote was taken and the council adopted the budget unanimously.
Staff described the tax-rate components as 5.74¢ for debt service and 46.5¢ for maintenance and operations. A member of the council emphasized the legal distinction between revenue and rate, telling the meeting that while appraised values drove higher revenue, "our tax rate went down; our appraised values went up," and that the statutory notice framework requires the city to state the effective percentage change.
The council conducted the required recorded roll-call votes. In the roll call announcing the budget adoption, members recorded their votes aloud (Carpenter: Aye; O'Banion: Aye; Pearson: Aye; Covington: Aye; Bueger: Aye; Mayor Lee: Aye). The council also adopted the tax rate in a separate roll-call vote.
What's next: with the budget and tax rate adopted, staff will implement the fiscal 2025 spending plan; staff indicated the next procedural steps are standard budget execution and reporting to the council.
Note on transcript figures: staff quoted packet numbers for "total resources" and "expenditures" that appear in the meeting transcript with inconsistent formatting; those figures are presented in the council packet and are summarized above as staff described them during the meeting.
