City of Sanger Adopted Tax Rate
The following statement is required by Texas Tax Code Sec. 26.05 (b) (2): THE CITY OF SANGER ADOPTED A TAX RATE THAT WILL RAISE MORE TAXES FOR MAINTENANCE AND OPERATIONS THAN LAST YEAR'S TAX RATE. THE TAX RATE WILL EFFECTIVELY BE RAISED BY 0.99 PERCENT AND WILL RAISE TAXES FOR MAINTENANCE AND OPERATIONS ON A $100,000 HOME BY APPROXIMATELY $6.07
THE 86TH LEGISLATURE MODIFIED THE MANNER IN WHICH THE VOTER-APPROVAL TAX RATE IS CALCULATED TO LIMIT THE RATE OF GROWTH OF PROPERTY TAXES IN THE STATE. THE FOLLOWING INFORMATION COMPARES THE TAXES IMPOSED ON THE AVERAGE RESIDENCE HOMESTEAD BY CITY OF SANGER, TEXAS LAST YEAR TO THE TAXES PROPOSED TO THE BE IMPOSED ON THE AVERAGE RESIDENCE HOMESTEAD BY CITY OF SANGER, TEXAS THIS YEAR:
- THE AVERAGE TAXABLE VALUE OF A RESIDENCE HOMESTEAD IN THE CITY OF SANGER, TEXAS LAST YEAR (2020) WAS $192,022. BASED ON LAST YEAR’S TAX RATE OF $0.697100 PER $100 OF TAXABLE VALUE, THE AMOUNT OF TAXES IMPOSED LAST YEAR ON THE AVERAGE HOMESTEAD WAS $1,304.02.
- THE AVERAGE TAXABLE VALUE OF A RESIDENCE HOMESTEAD IN THE CITY OF SANGER, TEXAS THIS YEAR (2021) IS $204,338. BY THE GOVERNING BODY ADOPTING THE DE MINIMIS TAX RATE FOR THIS YEAR OF $0.633711 PER $100 OF TAXABLE VALUE, THE AMOUNT OF TAXES IMPOSED THIS YEAR ON THE AVERAGE HOMESTEAD WOULD BE $1,294.91.
- THIS MEANS THE TAXES ON THIS AVERAGE RESIDENCE WOULD DECREASE $9.11 THIS YEAR UNDER THE ADOPTED TAX RATE.