Notice about FY 23-24 Property Tax Rates

This notice concerns the 2023-2024 property tax rates for City of Lake Jackson. This notice provides information about two tax rates used in adopting the current tax year's tax rate. The no-new-revenue tax rate would Impose the same amount of taxes as last year if you compare properties taxed in both years. In most cases, the voter-approval tax rate is the highest tax rate a taxing unit can adopt without holding an election. In each case, these rates are calculated by dividing the total amount of taxes by the current taxable value with adjustments as required by state law. The rates are given per $100 of property value. Budget in Brief

Tax Rate Proposal

Total 2022 rate: 0.32131 per $100 valuation
No New Revenue Rate for FY23-24:  .0277211 per $100 valuation
The Voter Approval Rate for the FY 23-24 year (includes new voter-approved debt): 0.337422 per $100 valuation

Tax Calculation Worksheet

To see the full FY 23-24 calculations,view this copy of the Tax Rate Calculation Worksheet.

The notice about the FY23-24 tax rate can be found here.

Proposed Budget 

The proposed FY 23-24 budget can be accessed here.

Budget Presentations

City Manager Modesto Mundo presented the proposed FY 23-24 budget on July 3. 

The City Council met in workshop on July 15 to review department requests and major issues related to the FY23-24 budget. 

Comptroller Fiscal Transparency

The state requires us, your local government, to provide you with a direct link to our 380 economy development agreements. You can also access information about the state of our fiscal health through the Comptroller's Fiscal Transparency Program. 

SB2 Compliance