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Levelland council adopts 0.535 tax rate for 2024–25, citing revenue shortfall
Summary
The Levelland City Council on a voice vote adopted Ordinance No. 1082 setting the 2024–25 property tax rate at 0.535 per $100 valuation; staff said the rate will raise about $124,576 (3.57%) more than last year and increase taxes on a $100,000 home by roughly $15.76.
The Levelland City Council adopted Ordinance No. 1082 on [first/second reading as recorded], setting the fiscal 2024–25 property tax rate at 0.535 per $100 valuation.
Unidentified staff presenting the budget said the proposed rate is made up of three components: 0.468729 for the general fund, 0.03 for the cemetery fund and 0.036271 for the interest and redemption (debt service)…
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