LUBBOCK, Texas (KCBD) – Lubbock County Commissioners will hold a public hearing Monday and vote on next year’s property tax rate.

Under the proposed rate of 35.8989 cents per $100 of assessment, the average homeowner whose home value increased from $207,092 to $219,456 would pay the county $68.16 more annually, according to data released by the municipality. The total amount for a $219,456 property would be $787.82.

The proposed quota corresponds to the voter approval rate, that is, it is the highest quota that can be approved by the court without forcing an election.

Click here to go to the state’s website to see how each taxing agency’s proposals will affect your bill. Our previous report on property tax access.

The no-new revenue rate that gives the county the same revenue for properties on the tax rolls both last year and this year is 33.4702 cents per $100 of value. Put another way, if the estimated change in value of your property is the same as the average across the county, the no-new revenue rate would keep your bill the same as last year.

We reported last month that there was disagreement during budget work sessions over how much additional funding should be provided to the sheriff’s office. The next day, several citizens told commissioners they cannot afford a tax increase.

Sheriff Rowe discussed the needs of his department in this report.

The public hearing will be held on Monday, August 26, at 10:15 a.m. on the fifth floor of the Lubbock District Court.

Tax rates in Texas

Data from the Texas Comptroller’s Office shows that Lubbock County’s tax rate enacted last year is the 185th highest out of 254.

This is not a nationwide comparison, as assessed value is part of the property tax equation. In some counties, the average home value is $200,000, while in others it is over $400,000.

Here are last year’s adopted property tax rates in cents per $100 of value. Note: Some counties collect taxes for an optional Road & Bridge Fund (see R/B below) and/or a Farm to Market/Flood Control Fund (see FMFC). The list is sorted by last year’s adopted rate excluding R/B or FMFC.

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