How are your Local Property Taxes Determined?
McGregor Property Taxes – City Hall Example
We do not need to be Tax Consultants to determine we are paying to much for the Government Services we are enjoying – [at every level of government]. In Texas, we pay Property Tax and not Personal Income Taxes. [Like it or not, that is the situation].
As Residents, we should all understand – who sets the Tax Rates and how do those RATES affect us as individual Taxpayers.
In McGregor, the City Council has that responsibility. The City is limited to a maximum of 8% increase in Property Taxes in any one year.
Every year [using the data our Group has access to] the City Council voted for the Minimum Property Tax Rate Increase – [every possible year]. We are suggesting our Group Members should understand some basic “formula math” to realize we need to decrease what we pay by decreasing the “Property Tax RATE:
Formula for Calculating YOUR Property Taxes |
||||||
|
(property tax amount) |
|
(RATE) |
|
(taxable value) |
|
|
$4,320.769339 |
= |
0.594010 |
x |
$727,390.00 |
/ |
100 |
Your Property “Taxable Value” – [is available from]:
McLennan County Appraisal District
Your Property Tax “RATE” – [is available from]:
The City of McGregor
City Hall
302 S Madison St
McGregor, Texas 76657
PO Box 192
McGregor, Texas 76657
(254) 840-2806
Example Property ID – 384337
www.mclennancad.org
2019 – [Determined by the McGregor City Council] – (rate) = 0.594010
City Hall
302 S Madison St
McGregor, Texas 76657
PO Box 192
McGregor, Texas 76657
(254) 840-2806
Example Property ID – 384337
(taxable value of the property) — $727,390.00
Taxable Value in 2019 for the City Hall “Example” is $727,390.00.
Important Property Tax Information
https://propaccess.trueautomation.com/mapSearch/?cid=20
https://propaccess.trueautomation.com/clientdb/Property.aspx?cid=20&prop_id=384337
https://cityofmcgregor.com/wp-content/uploads/MX-3570N_20200227_152637.pdf – Page 3/134
https://cityofmcgregor.com/city-government/agenda/
https://cityofmcgregor.com/wp-content/uploads/McGregor-City-ad-004.pdf
For more information please contact the City of McGregor:
Angelia Sloan – City Secretary — [254] 840-2806 — asloan@mcgregor-texas.com
City Manager – Kevin Evans – 254-840-2806 – kevans@mcgregor-texas.com
The document [below] from McLennan County lists the Tax Rates [by Districts] for the City of McGregor is 0.601413. Uncertain why the City 2019 Budget says 0.594010.
