Benbrook Shares Proposed 2025 Tax Rates and What They Mean.

โ€ข

Benbrook residents are getting a first look at what property taxes could look like in 2025.

According to a newly released notice, the City of Benbrook has proposed tax rates for the upcoming year, and state law requires two public hearings before the rates are finalized.

The two main figures to pay attention to are the no-new-revenue tax rate and the voter-approval tax rate. The no-new-revenue rate sits at $0.550719 per $100 of property value. This is essentially the break-even rate, intended to generate the same amount of revenue as the previous year, taking into account rising property values. The voter-approval rate, the maximum the city can impose without triggering an election, is $0.609781 per $100.

The notice also breaks down the city’s financial standing. At the end of the fiscal year, the General Fund is expected to hold about $23.7 million, while the Debt Service Fund will have just over $387,000.

As for what the city owes, 2025 debt payments total $1,193,894. That includes principal, interest, and a small portion in additional costs, all related to general obligation bonds.

Residents who want to dig deeper into how these numbers are calculated can visit www.benbrook-tx.gov to review the full Tax Rate Calculation Worksheet.

So, whatโ€™s next? Two public hearings are scheduled. These meetings are your chance to speak up, ask questions, and stay informed before the rates are officially set.

Leave a Reply

Ads Blocker Image Powered by Code Help Pro

Support Us by Allowing Ads

We rely on ad revenue to keep our content free for everyone. By disabling your ad blocker for our site, you help fund our team and the quality journalism you enjoy. Add us to your AdBlocker\'s allowlist and make a difference!

Powered By
Best Wordpress Adblock Detecting Plugin | CHP Adblock