Hill Country Village officials decided to keep a property tax rate of $0.145 per $100 valuation to support its fiscal year 2022-23 budget, which totals $3.49 million in general fund expenses.
City Council on Sept. 15 voted not to change the tax rate, which local officials said will result in a $100.10, or 8.18%, increase on the tax bill of the average homestead where the taxable value is $912,714.
City officials project receiving $407,636 total in general fund revenue through property taxes in FY 2022-23, which is set to begin Oct. 1. The city projected collecting $373,398 in property tax revenue in fiscal year 2021-22.
Hill Country Village’s new budget contains market adjustments in personnel expenses across city departments, including $1 million for police in FY 2022-23—an increase from $957,402 allocated in FY 2021-22—and $80,383 total for public works, an increase from $79,744 allocated in FY 2021-22.