Each year, the city must pass a budget that goes into effect Oct. 1 and lays out the city's financial plan over the next year. Residents are able to look at proposed budgets to see how the city intends to use available funds.
For the FY 2023-24 year, the proposed tax rate is $0.4872 per $100 valuation. Despite the proposed tax rate being a decrease compared to the FY 2022-23 rate of $0.4950 per $100 valuation, residents are still expected to see an approximate 7% increase in tax bills from the city of Schertz.
According to data presented by Finance Director James Walters on Aug. 4, the average taxable value for homes in 2023 is $324,600. With this average, residents would see an estimated annual increase of $103.79 to the Schertz portion of their property taxes.
The first public hearing on the budget and tax rate will be held Aug. 15 where City Council will hold their first vote.
The second public hearing and adoption of the budget and tax rate will be held Sept. 5. Following the adoption, the budget will be in effect starting Oct. 1.
Schertz City Council meetings are held at 1400 Schertz Parkway, Bldg. 4, Schertz, beginning at 6 p.m.
Additional information on city finances can be found here.
