WATCH: San Angelo neighborhood tells their story after historic flood
Residents of Short Street in San Angelo tell their story after the historic flood on July 4.
City of San Angelo taxpayers will likely have to dig deeper into their wallets to pay their property tax bill for the next budget year.
Residents who want to have their say on the proposed 2025-2026 budget and tax rate can attend a public hearing during a meeting 8:30 a.m. Tuesday at the McNeese Convention Center, 501 Rio Concho Drive.
The average homestead will see an increase of about $150 in taxes, according to city officials. The proposed total operating budget is approximately $241.3 million.
This budget will raise more total property taxes than last year’s budget by $5.7 million, which is 9.7% more, city officials said in the proposed budget.
What’s more, $861,795 is tax revenue to be raised from new property added to the tax roll this year. The draft budget has $50.3 million estimated for property taxes for the next year.
In the city budget overview meeting on Aug. 5, city officials discussed the proposed budget for the 2025-2026 year. The city’s new fiscal year begins on Oct. 1.
The taxable value of all properties in San Angelo increased by 4.7%, Tina Dierschke, city finance director, said in an email.
The average homestead in 2024 had a taxable value of $158,010. In 2025 it rose to $168,734. This is an increase of 6.79%, and taxes will climb by $148.90 for an average home.
Dierschke said the coliseum bond increased the tax rate by .0343 per $100. This increase will be reflected on residents’ 2025 tax bills.
According to City Council documents, the tax rate will rise from 75 cents per $100 of property value to about 79 cents for the next year.
In detail, the city is proposing raising the rate from 75.4400 cents to 79.4700 cents per $100 of assessed value.
The voter approval rate is the highest tax rate the city may adopt without holding an election to seek voter approval of the rate. The voter approval rate is also in the neighborhood of 75 cents, but it’s higher at 79.4794 cents.
In the Aug. 5 meeting, Dierschke said the sales tax growth is at 3.6% this year, which is expected to result in $3.3 million more in sales tax revenue.
