Politics
Lubbock City Council hosting public hearing, 1st vote on budget, tax rate - Lubbock Avalanche-Journal
Lubbock City Council will hold a public hearing and its first vote Tuesday, Sept.
The hearing kicks off at 6 p.m. At Citizens Tower council chambers, 1314 Ave. K. Council set that proposed maximum rate at its Aug. 11 meeting, and Tuesday's session gives residents their formal chance to push back before any vote is locked in.
This is the first of multiple votes on both the tax rate and the city's annual budget. For homeowners, a nearly 10 percent rate increase means a real jump in the property tax line on their bill, though the exact dollar impact depends on each property's assessed value.
The 9.83 percent proposed hike is one of the larger increases the city has put forward in recent years. Anyone who wants to speak can show up to Citizens Tower at 6 p.m.
Common questions
When is the Lubbock City Council voting on the tax rate increase?
- The first vote is Tuesday, Sept. 1, with a public hearing starting at 6 p.m. at Citizens Tower council chambers, 1314 Ave. K. This is the first of multiple votes required to finalize both the tax rate and the city's annual budget.
How much would Lubbock's proposed tax rate increase my property taxes?
- The proposed rate is 51.3421 cents per $100 of property valuation, a 9.83 percent increase over the current rate. Your exact dollar increase depends on your property's assessed value, but nearly a 10 percent rate hike means a noticeable jump on most tax bills.
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