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Heads up, Amarillo! Your property taxes are going up next year. Local governments are facing budget shortfalls, so expect to shell out more cash for your home.
At a glance
Rising — being discussed more frequently. 1 mention in the last 30 days, 1 the 60 before.
Adopting the no-new-revenue rate would reduce projected general fund revenue by about $700,000.
Property owners who would see smaller tax bill increases.
The city's general fund, which would have less money for services.
We'll include it in your weekly brief whenever the council takes it up.
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The council is debating whether to adopt a 'no-new-revenue' tax rate to help residents deal with rising property values. This would mean the city collects roughly the same amount of property tax as last year, even if home values go up.