Connect with us

Hi, what are you looking for?

Irving Weekly Title

Local News

City of Irving Maintains 2022 Tax Rate Amidst Rising Property Values; Two Public Hearings Scheduled

The City of Irving has unveiled its proposed tax rate for the 2023 tax year, and in a bid to balance revenue needs with the growing property values, the city has opted to maintain the tax rate at the same level as in 2022. The proposed tax rate of $0.589100 per $100 valuation remains consistent.

Despite the unaltered tax rate, it's important to note that there will still be an impact on homeowners' tax bills due to the increase in property values. The average homestead taxable value has surged by 10.91% compared to the previous year, resulting in an inevitable rise in property taxes for many residents. This means that even with the unchanged tax rate, homeowners will see an increase in the tax amount they owe based on the elevated value of their properties.

As part of the customary procedure, two public hearings have been scheduled to discuss the proposed tax rate and its implications for the community. The first public hearing is set for August 31, 2023, at 7 p.m., at Irving City Hall located at 825 W. Irving Blvd. The second hearing will take place on September 7, 2023, also at 7 p.m., at the same venue. These hearings provide residents with the opportunity to voice their opinions, seek clarifications, and engage in open dialogue regarding the proposed tax rate.

Additional Information

PROPOSED TAX RATE $0.589100 per $100 
NO-NEW-REVENUE TAX RATE $0.491701 per $100 

  • The no-new-revenue tax rate is the tax rate for the 2023 tax year that will raise the same amount of property tax revenue for City of Irving from the same properties in both the 2022 and the 2023 tax years. 

VOTER-APPROVAL TAX RATE $0.706518 per $100 

  • The voter-approval rate is the highest tax rate that City of Irving may adopt without holding an election to seek voter approval of the rate. 

Tax Rate/Proposed Budget Documents



You May Also Like