AMARILLO, Texas (KAMR/KCIT) — During today’s City Council Special Meeting, the Amarillo City Council proposed a tax rate increase of 22%.
The tax hike must be voted on by voters if the increase is over 3.5% and must be approved to be on the ballot by Aug 16 to make the November ballot.
If voted down the tax rate will go the voter approved $0.443 per $100 valuation.
The increase would equate to about $.480 cents per $100 valuation.
The proposed tax increase works out to 3.5% of the average total tax bill, and $5.66 for the average tax bill.
During the meeting the city council discussed that for every dollar of taxes collected for the city proposed rate:
- AISD 45%
- Potter County 27%
- City 19%
- Amarillo College 9%
- Water District less than 1%
The average tax rate for 2020 by the 10 larger and 10 smaller cities in Texas is $0.60.
The city council will hold a public meeting Aug 10 and Aug 13 in the Council Chambers.
This was discussed during an announced special meeting held at 1:30 p.m. Thursday, to consider a proposed tax rate, the full meeting can be watched below.