Under proposed budgets being considered by the Lubbock city council and Lubbock County commissioners, after taking into account increased appraisals, the average Lubbock property owner will pay slightly more in property taxes.
Following changes in state law passed last legislative session, the term "effective rate" is now the "no-new-revenue" tax rate. Both mean the rate that must be adopted to generate roughly the same revenue on properties on the tax rolls both last year and this year. In other words, after taking into consideration the average appraisal increase, the average citizen will pay about the same in taxes as the year prior. This rate does not take into consideration new properties.
For the average Lubbock home, valued at $157,144, the city's proposed rate would increase the tax bill just under $9 for the year.
The city's no-new-revenue tax rate is 53.5885 cents per $100 valuation. The proposed tax rate is 54.1573 cents per $100 valuation.
City staffers note the proposed rate is 1.645 cents lower than the rate set last year. Showing the significance of Lubbock's growth, this budget accounts for more than $2.3 million in tax revenue from new properties added to the rolls this year. Full details on this and prior budgets here.
You can give input to city leaders on the proposal 5 p.m. Wednesday, Sept. 2 at Citizens Tower, 1314 Avenue K.
Lubbock County commissioners may increase what the average citizen pays. Two rates are being considered: the no-new-revenue rate of 33.0575 cents per $100 valuation and 33.9978 cents per $100 valuation.
The higher rate would increase the annual tax bill to the county by $14.78 for a home appraised at $157,144. County Judge Curtis Parrish tells us if this rate is adopted, all of the additional revenue would go to the sheriff's office and 11 volunteer fire departments. Sheriff Kelly Rowe is asking for more funding, to retain deputies who continue to leave for other higher-paying departments and to fight gangs and drugs.
You can give input to the county at 10:15 a.m. Monday, Aug. 24 at Commissioner's Court. A second public hearing is 6 p.m. Tuesday, Sept. 1 at the Annex Building at 916 Main Street.
Another change the legislature approved last session is websites set up for citizens to determine how proposals will change their specific tax bill, along with contact information for each taxing entity. Click here - for the website set up for Lubbock County residents.