Property Tax Rate
The Property Tax Rate is comprised of the Maintenance and Operations (M&O) Tax Rate and a Debt Service Rate. The M&O Rate includes line-items such as salaries, utilities and day-to day operations in the General Fund. The M&O Rate is .507326 per $100 valuation. The Debt Service Rate covers the interest and principal on bonds and other debt secured by property tax revenues, also called the “interest and sinking” or I &S Rate. The Debt Service Rate is .087440 per $100 valuation, which will be applied to payments on the 2012 General Obligation Bonds, the Avenue L Street Repair Loan, the 2019A Certificate of Obligation, and the 2019B Certificate of Obligation. This year the City of Shallowater adopted the Voter Approval Rate of .594766 per $100 valuation.
| 2023 M&O Rate | 0.507326 |
| 2023 Debt Service Rate | + 0.087440 |
| 2023 Adopted Tax Rate | $ 0.594766 |
| 2023 Taxable Value 275,825,341 | |
| 2023 M&O Tax Rate x 0.507326 (Per $100 Valuation) |
| 2023 Estimated M&O Levy | $ 1,399,333.70 |
| 2023 Taxable Value | 275,825,341 |
| 2023 Debt Service Rate | x 0.087440 |
| 2023 Estimated Debt Service Levy | $ 241,181.68 |
| 2023 M&O Tax Levy | $ 1,399,333.70 |
| 2023 Debt Service Levy | + 241,181.68 |
| 2023 Total Estimated Tax Levy $ 1,640,515.38 |
2023 Adopted Property Tax Rates
by Entity
| City of Shallowater | .594766 |
| Lubbock County | .347507 |
| Lubbock County Hospital District | .103164 |
| High Plains Underground Water District | .004200 |
| Shallowater Independent School District | 1.257500 |
| Total | 2.307137 |
*Rates based on no exemptions
The City of Shallowater hereby provides for participation in the Lubbock County Central Appraisal District. The said appraisal district shall be authorized to perform all appraisal and collection functions required under the State Property Tax Code. Property tax administration shall be in accordance with the State Property Tax Code subject to the local options permitted.
Lubbock Central Appraisal District appraises and collects property taxes for the City of Shallowater. The contact information for LCAD is listed below:
Lubbock Central Appraisal District
2109 Avenue Q
Lubbock, Texas 79411
(806) 762-5000
(806) 762-2451
Click here for the Truth in Taxation for the City of Shallowater :
City of Shallowater Property Tax Rates since 2013:
| Year |
City Rate per $100 valuation
|
| 2023 | .594776 |
| 2022 | .597782 |
| 2021 | .616598 |
| 2020 | .653802 |
| 2019 | .653472 |
| 2018 | .681022 |
| 2017 | .716079 |
| 2016 | .679250 |
| 2015 | .679250 |
| 2014 | .620840 |
| 2013 | .638910 |
If you have additional questions regarding your property taxes please do not hesitate to contact Amanda Cummings at City Hall at (806) 696-4300.
| Calculated Rates | |||
| 2023 No New Revenue Rate | .568629 /$100 Valuation | 2022 No New Revenue Rate | .589701 /$100 Valuation |
| 2023 M&O Tax Rate | .490171 /$100 Valuation | 2022 M&O Tax Rate | .515307 /$100 Valuation |
| 2023 I&S Tax Rate | .078458 /$100 Valuation | 2022 I&S Tax Rate | .082475 /$100 Valuation |
| 2023 Unused Increment Rate | .014931 /$100 Valuation | 2022 Voter Approval Rate | .597782 /$100 Valuation |
| 2023 Voter Approval Rate | .594766 /$100 Valuation | 2022 De Minimis Rate | .786545 /$100 Valuation |
2023 De Minimis Rate .743954 /$100 Valuation 2022 Adopted Tax Rate .597782 /$100 Valuation
2023 Adopted Tax Rate .594766 /$100 Valuation