Lubbock Proposes New Tax Rate: Here Is What You Will Pay

The difference matters. The no-new-revenue rate is the baseline that would collect the same total property tax dollars from the same properties in both 2025 and 2026. The proposed rate clears that floor by more than three cents per $100, meaning the city is asking homeowners to pay more in real terms, not just because property values rose.

Here is the part that changes the usual narrative: voters already approved this. The voter-approval rate, the legal ceiling the city can adopt without triggering another election, sits at $0.513447 per $100. The proposed rate lands just below that ceiling, so the city is going right up to the edge of what residents signed off on without crossing the line that would require another vote.

For a Lubbock homeowner, the practical effect depends on what your property is assessed at. A higher rate applied to a higher valuation compounds quickly, and assessed values across Lubbock have climbed in recent years alongside the rest of the market.

The proposed rate and the voter-approval ceiling are separated by less than three ten-thousandths of a cent per $100.