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 M&O Rate is .515307 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 .082475 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 .597782 per $100 valuation.

2022 M&O Rate          0.515307
2022 Debt Service Rate   +    0.082475

2022 Adopted Tax Rate       $    0.597782

2022 Taxable Value                                242,496,985
2022 M&O Tax Rate                                x    0.515307
(Per $100 Valuation)

2022 Estimated M&O Levy   $    1,249,603.33

 


2022 Taxable Value                        242,496,985
2022 Debt Service Rate                      x     0.082475

2022 Estimated Debt Service Levy   $    199,999.38

 


2022 M&O Tax Levy $     1,249,603.33
2022 Debt Service Levy +       199,999.38

2022 Total Estimated Tax Levy      $    1,449,602.71

2022 Adopted Property Tax Rates

by Entity

City of Shallowater .597782
Lubbock County .347720
Lubbock County Hospital District  .103164
High Plains Underground Water District  .004686
Shallowater Independent School District    1.44290
Total    2.49625

*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

info@lubbockcad.org

http://lubbockcad.org/

 


 

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

 

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
2021 No New Revenue Rate .585795 /$100 Valuation 2022 No New Revenue Rate .589701 /$100 Valuation
2021 M&O Tax Rate .505978 /$100 Valuation 2022 M&O Tax Rate .515307 /$100 Valuation
2021 I&S Tax Rate .095689 /$100 Valuation 2022 I&S Tax Rate .082475 /$100 Valuation
2020 Unused Increment Rate .014931 /$100 Valuation 2022 Voter Approval Rate .597782 /$100 Valuation
2021 Voter Approval Rate .616598 /$100 Valuation 2022 De Minimis Rate .786545 /$100 Valuation

2021 De Minimis Rate                 .823781 /$100 Valuation              2022 Adopted Tax Rate           .597782 /$100 Valuation

2021 Adopted Tax Rate              .653802 /$100 Valuation