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In fiscal year 2023-24, Friendswood homeowners will pay a tax rate that is 2.7% higher than last year.
The gist
On Sept. 11, Friendswood City Council voted to ratify a tax rate of $0.5007 per $100 valuation.
In fiscal year 2020-21, City Council adopted the city's lowest tax rate of $0.487314 per $100 valuation, which the city maintained until this year.
The tax rate increase will provide an estimated $25 million for operations and maintenance as well as interest and sinking funds that service voter-approved general obligation bonds, City Manager Morad Kabiri said.
Quote of note
“This is the second-lowest tax rate we’ve ever had in the city: $0.50,” Mayor Mike Foreman said.
