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The $929.7 million budget is supported by a property tax rate of 47.012 cents per $100 valuation, which will mean about $15 more in property taxes for the average home valued at about $222,000 ...
As the City of Lubbock starts preliminary 2024 budget talks, proposed budget asks for a 2.75% property tax increase along with other asks. Lubbock to see possible property tax increase, lower 2024 ...
Lubbock County is a county located in the U.S. state of Texas. The 2020 census placed the population at 310,639. [ 1 ] Its county seat and largest city is Lubbock . [ 2 ]
Senate Bill 2 tackles property tax issues, and House Bill 3 directly deals with school finance reform. House Bill 3 raised the amount per student each district is allotted from $5,140 to $6,030, and also reduces school property tax rates by about four percent per $100 in property value. [2] House Bill 1 is the overall budget for Texas.
A property tax is based upon a property's market value. The ad valorem tax levy is based upon a millage rate which never varies from parcel to parcel. The foundation principles for ad valorem taxes are that each property is valued according to its market value and that each property is taxed based upon a single millage rate that applies to ...
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The 60th district of the Texas House of Representatives contains the entirety of Palo Pinto, Parker, and Stephens counties. The current representative is Mike Olcott , who was first elected in 2024 .
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