Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Property Tax topic
No spam. Unsubscribe anytime.
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) fund. "Our appraised values went up this year approximately 5.66%," staff said, and noted that one penny on the tax rate is approximately $66,000 for the city. Staff told the council the budget summary shows this rate will raise $124,576 more in property tax revenue than last yeara0— a 3.57% increase.
An unidentified council member moved to adopt the ordinance and a second was received; the motion carried on a voice vote. Council earlier opened a public hearing on the proposed rate and briefly heard public input before closing the hearing.
Staff also provided an example of homeowner impact: the chosen rate would increase property taxes on a $100,000 home by about $15.76 in the coming year. The ordinance includes standard administrative sections: payment period, procedures for delinquent taxes, the finance director—s accounting responsibilities, and publication and effective-date provisions.
The council—s action finalizes the tax rate the city will use when it adopts the fiscal 2024—–25 budget; staff told council the final budget adoption and a final vote on the rate will occur the following week as required by the published schedule.
