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Waco: Tax rate to remain unchanged

For another year, property tax rates will stay the same for residents of the City of Waco....
For another year, property tax rates will stay the same for residents of the City of Waco. (Photo courtesy of Bluesky Helicopter Tours)(KWTX)
Published: Sep. 8, 2020 at 10:20 PM CDT
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WACO, Texas (KWTX) - For another year, property tax rates will stay the same for residents in the City of Waco.

During a specially called budget meeting Tuesday night, the Waco city council voted unanimously to approve the tax rate for the 2020-2021 fiscal year.

The rate will remain at $0.776232 per $100 ($0.65 to fund maintenance and operations expenditures and $0.13 to pay debt service).

“Which is a rate lower than than the ‘no new revenue’ tax rate, and thus, the City of Waco is not increasing property taxes for the 2020-2021 tax year," said councilman John Kinnaird.

The city has had the same tax rate since 2018.

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