Proposed Tax on Lubbock homes up $50.35; two public hearings set - KCBD NewsChannel 11 Lubbock

8/22/10

Proposed Tax on Lubbock homes up $50.35; two public hearings set

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By James Clark | email

LUBBOCK, TX (KCBD) - Love it or hate it, either way, here is your chance to tell City Council what you think about property tax rates for the coming year.  First some background; last year the city's portion of property tax on an average single-family home was $484.36.  According to the August 26th City Council agenda, this coming year with an increased rate, plus increased valuations, the tax will be $534.71.  

That's an increase of $50.35.  City officials say the rate is going up only enough to offset the cost of projects in the November 2009 bond election.  

There will be two public hearings.  The first is Thursday August 26 at 7:30 AM.  The second is Thursday September 2 at 7:30 AM. Both are in the city council chambers.

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