Property Tax Figures Finalized
It’s a 17-Percent Increase Countywide
The Fayette County Appraisal District certified the 2021 taxable property values for the various local governments last week. These are the numbers that local governmental bodies will use to calculate property tax revenue for next year’s budgets.
As expected, property values took a big hike last year.
Earlier this year, Chief Appraiser Richard Moring estimated that property values across Fayette County would be up 15 to 20 percent. His prediction proved accurate. Last Friday, Moring reported the certified tax roll for Fayette County as a whole stands at more than $4.2 billion. That’s up from about $3.5 billion last year, a roughly 17 percent jump.
Listed below are the certified tax rolls for the County, cities and school districts. Moring said the Appraisal Review Board (ARB) is still reviewing property value appeals, so these numbers are subject to change.
Fayette County
$4,255,812,753
Fayetteville ISD
$327,075,166
Flatonia ISD
$455,506,596
La Grange ISD
$1,385,294,802
Round Top-Carmine ISD
$590,208,921
Schulenburg ISD
$509,804,599
City of Carmine
$40,833,019
City of Fayetteville
$57,901,027
City of Flatonia
$119,347,846
City of La Grange
$412,000,944
Town of Round Top
$81,189,239
City of Schulenburg
$314,234,043
The appraisal district will use the numbers to calculate the no-new-revenue tax rate and voter approval tax rate for each district. Moring said he would make those rates available to the taxing entities in about a week.
Soaring property values could force some taxing entities to lower the tax rate since state law limits how much local governments can raise taxes before triggering a tax election.
The no-new-revenue rate is the tax rate at which a governmental body collects roughly the same abount of revenue as the year before.
The voter approval rate is the rate that would generate more than 3.5 percent of new revenue for the taxing entity. For most taxing entities except school districts, if the governing body proposes a tax rate higher than the voter approval rate, an election to approve the tax rate will automatically take place.
For school districts, the state calculates the voter approval rate based on a variety of factors.