Alice Passes New Property Tax Rate for Fiscal Year 2023 – Alice Echo News Journal

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AOn Thursday, September 8, the Town of Alice adopted a tax rate of $0.544480 per $100 of assessment. This tax rate with no new revenue will increase the same amount of property tax revenue for the Town of Alice from the same properties in the 2021 and 2022 tax years.

The tax rate without new income allows the public to assess the relationship between taxes in the previous year and the current year, based on a tax rate that would produce the same amount of taxes if it was applied to the same taxed properties in both years.

According to the Texas Comptroller, “The formula assumes that if values ​​increase, the tax rate should decrease to create the same amount of income as the previous year, or if values ​​decrease, the tax rate will increase to produce the same amount of income. income.”

Over the past five years, Town of Alice’s revenue has declined by $7,451, however, despite rising costs, Town of Alice continues to be a full-service town for its nearly 20,000 inhabitants. The city proudly serves its residents by providing professional police, fire, water, sewage, storm water, street maintenance, sanitation, parks, traffic management , building and community regulations, planning and more.

The city spent every dollar it could to maintain its services to the public. The COA receives approximately 20% of every property tax dollar collected by the Jim Wells County Tax Assessor’s Office.

According to the city, assessed values ​​of properties in the town of Alice have decreased by $66,097,140 from 2017 to 2022.

According to the JWC Appraisal District, the average household worth in the town of Alice is $82,479, therefore the average household can expect to pay $27.04 more in taxes this year for the entire year. .

A copy of the adopted municipal budget for the 2022-2023 financial year is available on the city’s website www.cityofalice. org. Visit Texas. gov/PropertyTaxes to find a link to your local property tax database where you can easily access information about your property taxes, including information about proposed tax rates and scheduled public hearings from each entity that taxes your property.

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