City of McAllen explains property tax rate increase

News

MCALLEN, Texas – This property tax rate increase is directly related to the 2018 bond election, in which McAllen voters approved $25 million in bonds for the city for various drainage and traffic improvements projects.

During the time leading up to the bond election, the city hosted various town hall meetings and other community outreach efforts, letting homeowners know that if voters approved both bonds, they could expect a tax rate increase of $2.00 per month, equaling to about $24 per year, per average home.  Those calculations were based on an average home price of $128,000.

This year, McAllen property owners will in fact pay a tax rate increase of $1.75 per month, which is less than what was projected and coming out to $21.04 a month on the same average home. Even with the slight tax increase, McAllen property owners pay one of the lowest ad valorum tax rates in the Rio Grande Valley and state of Texas.

Copyright 2019 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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