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Webcast: Many Property Owners Can Expect to Pay More Despite Property Tax Staying the Same

Most Abilene property owners will pay more city taxes next year even though the tax rate is staying the same.
Most Abilene property owners will pay more city taxes next year even though the tax rate is staying the same.

The Abilene City Council approved the city budget Monday and the tax rate for the next twelve months.

The tax rate will stay the same at 68.6 cents for every $100 of property value, but the value of most homes and businesses is going up and that means that we have to pay more when the tax bills come out.

The council also approved a city budget for the next twelve months at more than $79.3 million.

That's slightly more than the budget that the city manager proposed last summer.

The city council is scheduled to consider the costs for city utilities at the regular meeting scheduled Thursday.

The city charges for water and sewer services will also likely be going up.

For more headlines and weather, watch the embedded webcast.

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