Property Taxes

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 proposed M&O Rate is .539965 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 proposed Debt Service Rate is .113507 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.

2019 M&O Rate        0.539965
2019 Debt Service Rate   +     0.113507

2019 Proposed Tax Rate $    0.653472

 


2019 Adjusted Taxable Value 170,508,289
2019 M&O Tax Rate
(Per $100 Valuation)
x   0.539965

2019 Estimated M&O Levy $     920,685

 


2019 Adjusted Taxable Value  170,508,289
2019 Debt Service Rate x     0.113507

2019 Estimated Debt Service Levy $       193,539

 


2019 M&O Tax Levy $     920,685
2019 Debt Service Levy +     193,539

2019 Total Tax Levy      1,114,224

2019 Property Tax Rates by Entity

City of Shallowater .653472
Lubbock County .339978
Lubbock County Hospital District .105186
High Plains Underground Water District .0063
Shallowater Independent School District 1.44835
Total 2.553286

*Rates based on no exemptions

Calculated Rates

2020

2018 Effective Tax Rate .681022 /$100 Valuation 2019 Effective Tax Rate .653472 /$100 Valuation
2018 M&O Tax Rate .583486 /$100 Valuation 2019 M&O Tax Rate .539965 /$100 Valuation
2018 I&S Tax Rate .097536 /$100 Valuation 2019 I&S Tax Rate .113507 /$100 Valuation
2018 Rollback Rate .724120 /$100 Valuation 2019 Rollback Rate .718179 /$100 Valuation
2018 Proposed Tax Rate .681022 /$100 Valuation 2019 Proposed Tax Rate .653472 /$100 Valuation

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

[email protected]

http://lubbockcad.org/


Click here for the Truth in Taxation for City of Shallowater :

2019

 

City of Shallowater Property Tax Rates since 2013:

Year City Rate per $100 valuation
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) 832-4521.