The average homeowner could see a 10 percent spike in their city tax bill next year under a proposed budget that boosts city staffing and pays for a voter-approved public safety center.
The Georgetown City Council got its first glimpse Monday of the proposed $220.3 million budget, up 9 percent over last year’s spending plan. The proposed tax rate would rise to 43.95 cents per $100 in property value, up 2.95 cents from this past year. With property values increasing as well, the owner of a house worth $190,802 after tax exemptions would pay $837.62 in city taxes — 10 percent more than the average homeowner’s bill this past year.
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Proposed 2013-14 budget: $220.3 million, up 9 percent from amended 2012-13 budget
Proposed tax rate: 43.95 cents per $100 in assessed value, up 7.2 percent
2013-14 average home taxable value: $190,802, up 2.82 percent
Proposed 2013-14 average tax bill: $837.62, up 10 percent
What’s next: Public hearings Aug. 6, Aug. 13 and Aug. 27, city council set to adopt budget on Sept. 10