City of Lubbock property taxes are, on average, going up for two reasons in the coming year. The City Council proposed raising the rate from 47.4 cents per hundred to 49.211.
At the same time the value of an average single-family home in Lubbock is going up from $113,658 this current tax year to $114,840 next year. Those two factors add up to a total increase of $26.40.
Mayor Glen Robertson says taxpayers approved an increase in city spending during a November 2009 bond election.
The City will hold two public hearings.
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