City of Keller set to adopt lower property tax rate for eighth straight year

Keller City Council has set a maximum tax rate of $0.395 for fiscal year 2020-21, which begins Oct. 1. (Ian Pribanic/Community Impact Newspaper)
Keller City Council has set a maximum tax rate of $0.395 for fiscal year 2020-21, which begins Oct. 1. (Ian Pribanic/Community Impact Newspaper)

Keller City Council has set a maximum tax rate of $0.395 for fiscal year 2020-21, which begins Oct. 1. (Ian Pribanic/Community Impact Newspaper)

On Aug. 18, Keller City Council set a maximum possible tax rate of $0.395 for fiscal year 2020-21, which begins Oct. 1.

The new maximum rate is almost a half-cent lower than the current rate of $0.399. Council is expected to approve the new maximum rate at a Sept. 15 meeting.

“We have to adopt by law by Sept. 27,” Keller Finance Director Aaron Rector said. “We’ve done a good job with tax mitigation and trying to lower the rate. This year, if we adopt as proposed, we would not have to ratify.”

To trigger a voter-approved rate election, council would have had to approve a maximum tax rate of at least $0.417588, Rector said.

Instead, Keller residents will see a decrease to the tax rate for the eighth straight year, according to Mayor Pat McGrail. Since FY 2013-14, the property tax rate in Keller has decreased by nearly five cents from a high of $0.44219.


Earlier this year, Keller City Council also adopted a homestead exemption of 14%.

As a result, the average property tax bill is expected to decrease from $1,407 per year to $1,390 per year, Rector said.

“Looking at what occurred between 2014 and now, [there is] about a $300 reduction to the average tax bill,” Rector said.

If council adopts a maximum tax rate of $0.395 per $100 valuation, the maintenance and operations rate, which accounts for general fund activity, will account for $0.32419, a slight decrease from the previous year, he said.

Meanwhile, interest and sinking, or the rate for debt service, will account for $0.07081, which represents about a half-cent decrease from the current rate, Rector said.

By Ian Pribanic
Ian Pribanic covers city government, transportation, business and education news for Community Impact Newspaper in the Keller-Roanoke-Northeast Fort Worth areas. A Washington D.C. native and University of North Texas graduate, Ian was previously an editor for papers in Oklahoma, West Texas and for Community Impact in New Braunfels.


MOST RECENT

Dutch Bros Coffee is now open in McKinney. (Courtesy Dutch Bros Coffee)
Dutch Bros Coffee opens in McKinney; Urban Seafood Co. coming to Plano and more DFW-area news

Read the latest business and community news from the Dallas-Fort Worth area.

Parry's Pizzeria & Taphouse is coming to McKinney in June. (Courtesy Parry's Pizzeria & Taphouse)
Parry's Pizzeria coming to McKinney; ax-throwing experience opens in Roanoke and more DFW-area news

Read the latest business and community news from the Dallas-Fort Worth area.

Peoples, Parker will be back on the ballot on June 5 for the mayoral runoff election. (Community Impact Newspaper Staff)
Q&A: Peoples, Parker in June 5 runoff ballot for Fort Worth mayor

Deborah Peoples and Mattie Parker will face each other in the June 5 runoff election for Fort Worth mayor.

masks
CDC ends all mask requirements for fully vaccinated people

The guidance states fully vaccinated people do not need to wear masks indoors or outdoors.

Shannon Dubberly raises his hand in front of a judge while being sworn in
Sean Hicks, newcomer Shannon Dubberly sworn in to Keller City Council

Keller City Council canvassed the results of the May 1 municipal election at a May 12 special meeting.

building
Global infrastructure firm Southland Holdings relocates headquarters to Grapevine

Southland Holdings has relocated to a larger corporate headquarters office space in Grapevine.

(Courtesy Mughlai Fine Indian Cuisine)
New Indian restaurant opens in Frisco; State Farm hiring in Richardson and more DFW news

Read the latest business and community news from the Dallas-Fort Worth area.

House Bill 1024, signed into law May 12, allows restaurants and bars to permanently sell alcoholic beverages to-go. (Courtesy Pexels)
Cocktails to-go are here to stay in Texas: Gov. Greg Abbott signs change into law May 12

Supporters say the change will help restaurants continue to recover from the economic effects of the coronavirus pandemic.

A man and a woman laughing with target boards
FlannelJax's ax-throwing experience now open in Roanoke

Groups can try out a varity of lumberjack sports that encourage competition or collaboration.

Plano ISD expects to resume pre-COVID-19 activities this summer and fully return to the classroom in 2021-22. (Community Impact Newspaper staff)
See how Dallas-Fort Worth-area school districts are planning to go back to school for the 2021-22 academic year

Several school districts in the Dallas-Fort Worth area—including Frisco, Plano, Northwest, Lewisville, McKinney, Grapevine-Colleyville and Carroll ISDs—have made back-to-school plans for the 2021-22 school year regarding face masks, close-contact quarantines and in-person and virtual learning.

Residents will have until May 2023 to obtain a Real ID. (Courtesy Adobe Stock)
US Department of Homeland Security extends Real ID deadline until 2023

Drivers will have until May 2023 to get the Real ID, which will be required for adults boarding a U.S. commercial flight.