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The average property tax rate is 0.56%, one of the lowest rates in the country. The average homeowner will pay around $1,707 - more than $1,000 less than the national average.
Abilene (/ ˈ æ b ɪ l iː n / AB-i-leen) is a city in Taylor and Jones counties, Texas, United States.Its population was 125,182 at the 2020 census. [9] It is the principal city of the Abilene metropolitan statistical area, which had a population of 176,579 as of 2020. [10]
Property taxes remained a major source of government revenue below the state level. Hard times during the Great Depression led to high delinquency rates and reduced property tax revenues. [68] Also during the 1900s, many jurisdictions began exempting certain property from taxes. Many jurisdictions exempted homes of war veterans.
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The tax burden is calculated by multiplying the value of the real property according to the official assessment code (Bewertungsgesetz) with the real property tax rate and with the applicable municipal multiplier. The real property property tax rate is set by the Federal state, in which the respective real property is located.
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The types of municipalities in Texas are defined in the Local Government Code, which was codified in 1987. The designations of city, town and village were superseded by Type A, B, and C general-law cities in the code. [5] In Texas, there are two forms of municipal government: general-law and home-rule.
The Abilene metropolitan statistical area is a metropolitan statistical area in west-central Texas that covers three counties—Taylor, Jones, and Callahan. As of the 2020 census , the MSA had a population of 176,579.
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