Tax Information

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All property (residential, commercial, industrial) is appraised at full market value as it existed March 1, 1975, with increases limited to a maximum of 2% annually. Property created or sold, since March 1, 1975 will bear full cash value as of the time created or sold, plus the 2% annual increase. The basic tax rate is $1.00 per $100 appraised [real cash] value plus any taxes levied to cover bonded indebtedness for county, city, school or other taxing agencies. Appraised valuations and tax rates are published annually after July 1.

  • Assessed Valuation:
     City: 2001-02: $8,661,943,408
     City: 2010-11: $14,794,204,922
     County: 2001-02: $61,969,963,000
     County: 2010-11: $105,384,301,000
  • Combined total industrial property tax rates 2010-11: 1.073% of total value
  • Retail Sales Tax-State: 6.5%; City 0.75%; County: 0.25%; Total: 7.5%.
  • City Business Tax (based on gross receipts) is shown below:

From

To

Your Tax is

$0

$20,000

$0 (Waived until 2017)

$20,001

300,000

$0 (Waived until 2017)

$300,001

$400,000

$150.00

$400,001

$500,000

$187.00

$500,001

$600,000

$225.00

Schedule continues at the rate of $37.50 per $100,000 gross receipts.