CITY OF STEPHENVILLE HAS ADOPTED A TAX RATE THAT WILL RAISE MORE TAXES FOR MAINTENANCE AND OPERATIONS THAN LAST YEAR'S TAX RATE. For Tax Rate Information Click Here.

CITY OF STEPHENVILLE HAS 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 3.17 PERCENT AND WILL RAISE TAXES FOR MAINTENANCE AND OPERATIONS ON A $100,000 HOME BY APPROXIMATELY $-9.80.

 

A maximum tax rate of $0.3872 per $100 valuation was proposed by the governing body of City of Stephenville at the Special City Council Meeting held on August 8, 2023 at 5:30 pm in the Council Chambers at City Hall located at 298 W. Washington, Stephenville, Texas.

A PUBLIC HEARING ON THE PROPOSED TAX RATE WAS HELD ON SEPTEMBER 19, 2023 AT 5:30 PM AT STEPHENVILLE CITY COUNCIL CHAMBERS, CITY HALL, 298 W. WASHINGTON, STEPHENVILLE TX.  AFTER THE PUBLIC HEARING, THE STEPHENVILLE CITY COUNCIL ADOPTED THE VOTER-APPROVAL TAX RATE OF $0.3872 PER $100 OF VALUE.

 

Tax Rates
  2023 2022
No-new-revenue tax rate $0.3729/$100 $0.3842/$100
Voter-approval tax rate $0.3872/$100 $0.3958/$100
De minimis tax rate $0.4048/$100 $0.4112/$100
Debt service tax rate $0.0158/$100 $0.0146/$100

 

For/Against
FOR the proposal:  Justin Haschke Lonn Reisman
  Bob Newby Maddie Smith
  David Baskett Brandon Greenhaw
  Mark McClinton Doug Svien
AGAINST the proposal: None  
PRESENT and not voting: None  
ABSENT:   LeAnn Durfey  
     

                                    

The proposed maximum tax rate was not greater than the voter-approval tax rate. As a result, City of Stephenville was not required to hold an election at which voters could accept or reject the adopted tax rate.  However, you could have expressed your support for or opposition to the proposed tax rate by contacting the City of Stephenville at mharris@stephenvilletx.gov or by attending the public hearing mentioned above.

Your taxes owed under any of the rates mentioned above can be calculated as follows:

Property tax amount = (tax rate) x (taxable value of your property)/100

The 86th Texas 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 table compares the taxes imposed on the average residence homestead by City of Stephenville last year to the taxes proposed to be imposed on the average residence homestead by City of Stephenville this year.

Tax on average homestead comparison
  2022 2023 Change
Total tax rate (per $100 of value) $0.3958 $0.3872 decrease of -0.0086, or -2.17%
Average homestead taxable value $184,059 $212,528 increase of $28,469, or 15.47%
Tax on average homestead $728.51 $822.91 increase of $94.40, or 12.96%
Total tax levy on all properties $6,362,764 $6,658,961 increase of $296,197, or 4.66%

For assistance with tax calculations, please contact the tax assessor for City of Stephenville at 254-918-1220 or mharris@stephenvilletx.gov, or visit www.stephenvilletx.gov for more information.

Property owners can access information regarding property taxes, including the amount of taxes that each entity that taxes a property will impose if the entity adopted its proposed tax rate at ERATHCOUNTY.TRUTHINTAX.COM, which is owned and maintained by Erath County Appraisal District and not affiliated with the City of Stephenville Government.