Waco: Tax rate to remain unchanged
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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