A tax rate of $.6938 per $100 valuation has been proposed by the governing body of the City of Brownwood.
Current Tax Rate $.66590 per $100
Proposed Tax Rate $.6938 per $100
No-New-Revenue Tax Rate $.64275 per $100
Voter-Approval Tax Rate $.85727 per $100
The No-New-Revenue tax rate is the tax rate for the 2024 tax year that will raise the same amount of property tax revenue for the City of Brownwood from the same properties in both the 2023 tax year and the 2024 tax year.
The Voter-Approval tax rate is the highest tax rate that the City of Brownwood may adopt without holding an election to seek voter approval of the rate.
The proposed tax rate is greater than the no-new-revenue tax rate. This means that City of Brownwood is proposing
to increase property taxes for the 2024 tax year. As a result, a public hearing on the proposed tax is required.
A public Hearing on the Proposed Tax Rate will be held on 08/20/2024 at 9:00 am & 5:30 pm.
The proposed tax rate is also not greater than the Voter-Approval tax rate. As a result, the City of Brownwood is not required to hold an election to seek voter approval of the rate. However, you may express your support or opposition to the proposed tax rate by contacting the City Manager of the City of Brownwood at Brownwood City Hall, 501 Center Avenue, Brownwood, TX 76801 or by attending the public hearing when the budget will be presented or the public meetings when the tax rate will be considered for adoption (see dates below).
YOUR TAXES OWED UNDER ANY OF THE TAX RATES MENTION ABOVE CAN BE CALCULATED AS FOLLOWS:
Property tax amount = (tax rate) x (taxable value of your property) / 100
The Brownwood City Council voted on July 9, 2024 to formally propose a tax rate of $.6938 per $100 valuation.
FOR the proposal:
HD Jones, Ed McMillian, Melody Nowowiejski, Draco A. Miller & Walker Willey
AGAINST the proposal: None
PRESENT and not voting: None
ABSENT: None
The Brownwood City Council is scheduled to hold a public hearing on the budget on August 20, 2024 and is scheduled to consider adoption of the tax rate on August 27, 2024 on first reading and September 10, 2024 on second and third readings. These meetings will take place at Brownwood City Hall, 501 Center Avenue, Brownwood, TX 76801.
The 86th Legislature modified the manner in which the Voter-Approval tax rate is calculated to limit the rate of growth of property taxes in the state.
The following table compares the taxes imposed on the average residence homestead by the City of Brownwood last year to the taxes proposed to be imposed on the average residence homestead by the City of Brownwood this year.
For assistance with tax calculations, please contact the tax assessor for the City of Brownwood, Brett McKibben at (325) 643-5676 or bmckibben@brown-cad.org, or visit www.brown-cad.org for more information.
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