Underneath the proposed Killeen fiscal 12 months 2022 price range, the typical family within the metropolis might want to pay about $153.83 extra in property taxes and utility charges subsequent 12 months. This complete consists of water and wastewater charges, stable waste removing charges and the road upkeep payment. The determine additionally consists of the proposed property tax charge change, and makes use of common taxable homestead values from the Bell County Appraisal District.
The best change in fee comes from the change in property tax. Killeen Govt Finance Director Jon Locke has said beforehand that the newly proposed property tax of 70.56 cents per $100 valuation would end in property funds roughly equal to the earlier tax charge of 73.30 cents.
Nonetheless, the Bell County Appraisal District estimated Killeen’s common taxable homestead values to be $143,171 in 2020, and $158,338 in 2021. This equates to a ten.5% enhance in common property values, and when utilizing the tax charge of 73.30 for 2020 and the brand new charge of 70.56 for 2021, the ensuing property taxes are $1,049.44 and $1,117.23 respectively, a rise of $67.78 on common.
Furthermore, Killeen Councilwoman Mellisa Brown, in correspondence with the Herald, offered another property tax charge of 67.13 cents per $100 valuation, which she says set new property tax funds to kind of the identical as the present charge of 73.10 beneath 2020 homestead valuations.
Underneath this charge, residents, utilizing the typical residence worth, would wish to pay $1,062.92 per residence — solely $11 greater than final 12 months. It will likely be as much as Metropolis Council, nonetheless, to determine whether or not or to not use the upper tax charge of 70.56 cents per $100 valuation or Brown’s potential charge of 67.13 cents. The distinction between the 2 comes out to about $56.78, or setting apart an additional $4.73 a month, which, for a lot of in Killeen, will make or break their potential to pay hire.
Water and wastewater charges are additionally set to extend by $1.47 a month for the typical 5,000 gallon a month consumer, for a complete charge of $23.68 and $26.86, respectively, or $606.48 yearly. Avenue upkeep, whereas nonetheless beneath dialogue, has a proposed charge that’s $5.30 increased than the present $1.70, placing it at a month-to-month value of $7 per single household family, or $84 a 12 months. Residential stable waste charges, in addition to drainage charges, are anticipated to remain the identical at a respective $19.78 and $5.40 month-to-month charge, or $302.16 yearly.
In complete, charges are anticipated to extend by $6.77 month-to-month, or 8.91%, on common. That’s about the identical as a Huge Mac, or a big cup of espresso at Starbucks. Every day, that’s the equal of setting apart 1 / 4 a day.
Combining common charges and assuming a water use of about 5,000 gallons month-to-month, residents ought to count on to pay roughly $81.24 a month, with a yearly estimated value of $992.64.
With common property taxes, and utilizing the 2021 common homestead values and the proposed 70.56 property tax, this comes out to an annual value of round $2,109.87 for a complete enhance of $153.83 over the course of a 12 months.
Up to now, Metropolis Council members have reacted favorably to elevated charges, and Mayor Jose Segarra has expressed his assist to the elevated avenue upkeep payment.
“We’ve gotta cease kicking the can down the street,” Segarra mentioned on the council workshop Tuesday.
Councilman Rick Williams had additionally agreed to a rise in avenue upkeep payment.
“This can be a large ask for residents to do that,” Williams mentioned. “However in the long term, that is completely crucial.”