Spurresidents, if you’re still unclear about how your property tax bill is going to look for 2023, you’re not alone: no members of the public showed up to ask questions at the public hearing held at City Hall the afternoon of September 1.
Granted, it was a holiday weekend.
But you’ll have another chance, at a hearing coming up Tuesday, Sept., 19, at 5 p.m., before the regular monthly city council meeting at 6 p.m.
In the meantime, go back and read over the public Notice of Hearing on Tax Increase in last week’s Texas Spur issue. There’s a handy chart at the bottom of the notice that bears a careful look. It includes comparative numbers for last year’s rates, but more usefully, it includes comparative numbers for the average homestead taxable value in the city.
Here’s a little explanation. According to Spur City Secretary Ashley Carothers, the city’s actual property tax rate for this year (1.10899 per $100) is
have gone up, so will the dollar amount of your taxes.
Go back to that chart in last week’s public notice. If your Spur home was valued in 2022 at $28,063—an astonishingly low figure compared to the national median value of $392,000 (from Statistia)—then last year you paid $336.41 in your city portion of property taxes. On your same property valued this year at $31,658, you’ll incur an extra $14.67 (yes, fourteen DOLLARS and sixty-seven cents), but that represents a percentage increase of 4.36%.
At its Sept. 19 meeting, the city is expecting to present a proposed tax rate of 1.10899 per $100; applied to your valuation, this will result in an effective increase of 3.66 percent.
Since that figure is the same as the voter-approval tax rate, by law no election is required to approve and institute the proposed tax rate.
- Log in or Subscribe to post comments.
