Property Taxes

2021 Tax Rate (Preliminary)

The 2021 preliminary tax rate to fund the FY22 budget is $0.34650 which is a one cent increase from the 2020 tax rate to fund the next phase of voter approved GO bond projects from the 2019 election.  

The actual proposed 2021 tax rate and allocation depends on the certified tax roll, Voter Approval Tax Rate calculations and direction from the City Council.

Tax Rate Calculations (Pending from Tax Assessor- Collector)

Type Rate per $100 Explanation
This Year's Tax Rate $0.34650 2021 Proposed Tax Rate (preliminary)
Preceding Year's Tax Rate $0.33650 2020 Adopted Tax Rate
No New Revenue Tax Rate pending  Tax rate that generates the same revenue as the 2020 tax rate
Voter Approval Tax Rate pending Tax rate that cannot be exceeded without voter approval

Truth in Taxation Calculations (Pending Receipt)

No New Revenue and Voter Approval Tax Rate calculations will be completed by the Fort Bend County Tax Office as required. These calculations are expected on or about August 7, 2021 and will be posted here once received.

  • Notice about 2021 Tax Rate
  • 2021 Tax Rate Calculation Worksheet

Tax Comparison Table for SB2

Description
2020
2021 Prelim
Change
Average Home Value
$378,915
$384,471
$5,556
Homestead Exemption (12%)
-45,470
-46,137
-667
Average Taxable Value
333,445
338,334
4,889
Tax Rate per $100
$ 0.33650
$0.34650
$0.01000
Tax on Average Homestead
$1,122.04
$1,172.22
$50.29
Total Tax Levy on All Properties
$53,883,186
$57,237,069
$3,353,883

Tax Rate and Budget Information

The following information is provided in compliance with section 26.18 of the Tax Code. For convenience, where information resides elsewhere on this site, links are provided to the information.

Official contact information for the governing body: Mayor and City Council

Budget Information: FY2020 Budget | FY2021 Budget | FY2022 Budget

Audited Financial Report: FY2020 Audited Financials

 
2019
2020
2021
M&O Tax Rate
$0.19705
$0.20305
TBD
Debt Service Tax Rate
0.13495
$0.13345
TBD
Total Tax Rate per $100
$0.33200
$0.33650
$0.34650
       
Budgeted Tax Revenue
FY2020
FY2021
FY2022
M&O
$30,861,472
$ 32,526,642
$ 34,164,859
Debt Service
21,135,527
 21,356,544
23,072,210
Total Budgeted Property Tax
$ 51,996,999
$ 53,883,186
$57,237,069
Total Operating & Capital Budget
-
$  253,990,457
$ 297,957,914
Budget Change FY21 to FY22
-
$ 43,967,457
17.3% 

Truth in Taxation Process

Once the City receives the certified value reports from the CAD, the process of setting a tax rate for the year begins. The City has 60 days after receiving the certified tax roll or until September 30th (whichever is later) to adopt a tax rate. However, there are strict time constraints and processes that must occur in order to adopt the tax rate. 

The No New Revenue Tax Rate is the tax rate that generates no additional revenue for the City.  New values to the tax roll are excluded from this calculation. 

The Voter Approval Rate is the tax rate that generates the revenue needed to meet the City’s debt service obligations, plus 3.5% increase in revenue for operations and maintenance. Adoption of a rate over this amount requires approval by voters in November.

Tax Rate Setting Process

The property tax rate is adopted in September after the budget is approved by City Council. Prior to considering the tax rate, a public hearing is held to receive feedback from the public.

Property values in Fort Bend County are set by the Fort Bend Central Appraisal District (CAD). The CAD is charged with establishing values for all properties in the County as of January 1 of each year and certifying the taxable values to each taxing entity.  Under the Tax Code, the value must be certified by July 25 of each year. However, 95% of property in the county must be approved before the Chief Appraiser can certify the values. 

Since the City Charter requires the City Manager to file a proposed budget no later than July 30 of each year, the budget is based on assumptions of property tax revenues. The tax rate needed to generate the revenue in the FY22 budget and CIP is dependent on the final certified taxable value.