You heard it.......The City of Kyle is thinking about raising property taxes. This would be the first time in 11 years that the city has increased property taxes.
The city council is proposing an increase of 39.58% for the preceding tax year. In 2007 the average property taxes for a homeowner in Kyle was $350.12 (rate .2707) with an average taxable value of $129,338. With the proposed increase the homeowner would be looking at spending $499.80 per year on property taxes using the current average taxable value of $133,960.
Now if we decided to keep everything as is and using the current taxable value of $133,960, homeowners would be looking at spending $358.08 this year.
Below is an example of a 2007 tax breakdown of home in Kyle Texas
Keep in mind that Kyle Texas's 2007 tax rate is 2.3 (remember different areas may have additional taxing entities so that is an average). The proposed raise would put us closer to 2.4, which is right around the average tax rate of Austin Texas.
Before you get in a huff I suggest you attend one of the public hearings that will be held regarding the tax increase. See why Kyle thinks this would be a good option and better yet, when you're done listening...VOTE!!!
The hearings will be held as follows;
The first public hearing will be held on August 28th, 2008 at 6:30 pm at Kyle City Hall located at 100 W. Center St., Kyle, TX 78640
The second public hearing will be held on September 2, 2008 at 6:30 pm at the Kyle City Hall
"talk" to you soon
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