Buda tax rate remains same, but taxpayers will pay more
By Sahar Chmais
Buda City Council approved the city’s Fiscal Year 2021-22 budget with the tax rate set at $0.3423 per $100 of value, remaining the same as 2021’s rate.
State law considers anything above the no new revenue rate to be a tax increase. Buda’s tax increase would be 9.26%, depending on the increase in property values.
Taxpayers will pay more this year due to the increase in property valuation, with an increase of $83.38 for the average homeowner. Last year, the average ...