Lubbock residents could see a property tax increase next year

Lubbock Residents Could See A Property Tax Increase Next Year

1 week from now

Aug 11, 2023  · Lubbock property owners may see a property tax increase by almost 3% or less next year, which is about 48 pennies per 100 dollars of their home value. But how much does that measure out to in dollars?

everythinglubbock.com

Lubbock's Proposed Property Tax Rate Increase Could Bring In …

1 week from now

Aug 9, 2023  · The debt rate was proposed to increase from $0.108317 to $0.109783, with the proposed maintenance and operations rate increase from $0.348816 to $0.351999. According to public records, this would ...

everythinglubbock.com

Lubbock To See Property Tax Increase, Lower City Budget In 2024

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Aug 6, 2023  · 1:27. As the Lubbock City Council gears up for its upcoming budget sessions, the $968 million proposed 2024 budget is currently asking for a 2.75% property tax increase. During a two-day special ...

lubbockonline.com

City Of Lubbock Gives Preliminary Approval For Property Tax Rate …

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Sep 6, 2023  · The proposed rate would bring in $11.8 million more dollars in property tax revenue than last year. Based on values from the Lubbock Central Appraisal District, the overall certified net taxable value of the City of Lubbock rose by $2.5 billion in the last year to $25.8 billion. For the second year in a row, LCAD increased values by double ...

kcbd.com

Lubbock's Mayor Attempts To Prevent A City Property Tax Increase

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Aug 28, 2024  · However, the mayor and council members can set the tax rate for each budget cycle. The City of Lubbock's next budget cycle begins on Oct. 1 for fiscal year 2025. ... He noted that the tax increase proposed in the city manager's budget would raise property taxes by $50-100 a year, a significant amount for families with lower incomes ...

southplainslive.com

Lubbock City Council Approves Budget Decrease, Tax Increase

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Sep 5, 2023  · The adopted tax rate is 48.0164 cents per $100 property valuation, raising an estimated $11.8 million more in property tax revenue for the City of Lubbock in FY 2023-24, an 11.33% increase in revenue.

lubbockonline.com

New Property Could Add $3.8M To City Of Lubbock Budget - KCBD

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Aug 9, 2023  · The Lubbock City Council could adopt a lower rate than the $0.480164 proposed in the budget for the next fiscal year. However, if they stay with it, the budget would raise more revenue from property taxes than last year’s budget by $11.8 million. New property added to the tax roll this year would make up $3,796,225 of that increase.

kcbd.com

Lubbock City Council Approves Preliminary Budget And Tax Increase

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Sep 4, 2024  · The Lubbock City Council took a big step Tuesday, approving a preliminary budget of $310 million and a 0.72% increase in property taxes on the first reading for the next fiscal year. This means the…

everythinglubbock.com

Lubbock County Officials Put The Brakes On Property Tax Increase

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Aug 28, 2024  · Lubbock County Judge Curtis Parrish and Commissioners Terence Covar and Gilbert Flores supported raising residents’ property taxes. The proposed rate of 36 cents per $100 of valuation is the highest possible rate that would not require voter approval and is about 2.5 cents above the NNR rate.

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