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 .496786 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 .065986 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 is proposing the Voter Approval Rate of .562772 per $100 valuation.
| 2024 Proposed Tax Rate | |
|---|---|
| 2024 Proposed M&O Rate | 0.496786 |
| 2024 Proposed Debt Service Rate | + 0.065986 |
| 2024 Proposed Tax Rate | $ 0.562772 |
| 2024 Estimated M&O Levy | |
|---|---|
| 2024 Taxable Value | 303,092,238 |
| 2024 Proposed M&O Tax Rate (Per $100 Valuation) | x 0.496786 |
| 2024 Estimated M&O Levy | $ 1,505,718.00 |
| 2024 Estimated Debt Service Levy | |
|---|---|
| 2024 Taxable Value | 303,092,238 |
| 2024 Proposed Debt Service Rate | x 0.065986 |
| 2024 Estimated Debt Service Levy | $ 200,000.00 |
| 2024 Total Estimated Tax Levy | |
|---|---|
| 2024 Proposed M&O Tax Levy | $ 1,505,718.00 |
| 2024 Proposed Debt Service Levy | + 200,000.00 |
| 2024 Total Estimated Tax Levy | $ 1,705,718.00 |
| 2024 Proposed Property Tax Rates by Entity | |
|---|---|
| Entity | Rate |
| City of Shallowater | 0.562772 |
| Lubbock County | 0.334702 |
| Lubbock County Hospital District | 0.099679 |
| High Plains Underground Water District | 0.003100 |
| Shallowater Independent School District | 1.255200 |
| Total | 2.255453 |
| *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
Truth in Taxation for the City of Shallowater
| City of Shallowater Property Tax Rates Since 2013 | |
|---|---|
| Year | City Rate per $100 Valuation |
| 2024 | .562772 |
| 2023 | .594776 |
| 2022 | .597782 |
| 2021 | .616598 |
| 2020 | .653802 |
| 2019 | .653472 |
| 2018 | .681022 |
| 2017 | .716079 |
| 2016 | .679250 |
| 2015 | .679250 |
| 2014 | .620840 |
| 2013 | .638910 |
| For additional questions regarding your property taxes, please contact Amanda Cummings at City Hall: (806) 696-4300 | |
| Calculated Rates | |||
|---|---|---|---|
| 2023 Rate Type | 2023 Rate | 2024 Rate Type | 2024 Rate |
| No New Revenue Rate | .568629 /$100 | No New Revenue Rate | .562314 /$100 |
| M&O Tax Rate | .490171 /$100 | M&O Tax Rate | .496786 /$100 |
| I&S Tax Rate | .078458 /$100 | I&S Tax Rate | .065986 /$100 |
| Unused Increment Rate | .014931 /$100 | Voter Approval Rate | .562772 /$100 |
| Voter Approval Rate | .594766 /$100 | De Minimis Rate | .710939 /$100 |
| De Minimis Rate | .743954 /$100 | 2024 Adopted Tax Rate | .562772 /$100 |
| 2023 Adopted Tax Rate | .594766 /$100 | ||