Iowa Colony, TX |

City News & Notices

traffic alert

Long Term Road Closures for Construction »

***UPDATED 11/08/2022***

As construction on the SH 288 overpass project begins, the following long-term road...

help wanted

Seeking Applicants for Parks & Recreation Committee »

The City is looking for new applicants for our Parks & Recreation Committee. If you are interested in helping guide...

Festival of Lights

Iowa Colony Festival of Lights »

It's beginning to look a lot like Christmas! Join our Iowa Colony Parks & Recreation Committee for our Festival of...

Meeting & Events Calendar

December

S	M	T	W	T	F	S
				1	2 Festival of Lights 6:00pm	3
4	5	6 Planning Commission Meeting 7:00pm	7	8	9	10
11	12	13	14	15	16	17
18	19 Council Meeting 7:00pm	20	21	22	23	24
25	26	27	28	29	30	31

All upcoming events

Upcoming Meetings

Planning Commission Meeting

December 6, 2022 - 7:00pm

Council Meeting

December 19, 2022 - 7:00pm

Planning Commission Meeting

January 3, 2023 - 7:00pm

Council Meeting

January 16, 2023 - 7:00pm

Council Meeting

January 16, 2023 - 7:00pm

All upcoming events

District Agencies

Click here for the City of Iowa Colony FY 22-23 Adopted Budget
Click here for the Crime Control & Prevention District FY 22-23 Adopted Budget

Notice about 2022 Tax Rates

Property tax rates in CITY OF IOWA COLONY.

This notice concerns the 2022 property tax rates for CITY OF IOWA COLONY. This notice provides information about two tax rates used in adopting the current tax year's tax rate. The no-new-revenue tax rate would Impose the same amount of taxes as last year if you compare properties taxed in both years. In most cases, the voter-approval tax rate is the highest tax rate a taxing unit can adopt without holding an election. In each case, these rates are calculated by dividing the total amount of taxes by the current taxable value with adjustments as required by state law. The rates are given per $100 of property value.

This year's no-new-revenue tax rate	$0.476862/$100
This year's voter-approval tax rate	$1.168179/$100

To see the full calculations, please visit https://www.brazoriacountytx.gov/departments/legal-notices for a copy of the Tax Rate Calculation Worksheet.

Unencumbered Fund Balances
The following estimated balances will be left in the taxing unit's accounts at the end of the fiscal year. These balances are not encumbered by corresponding debt obligation.

Type of Fund	Balance
Maintenance & Operations	2,500,000
Interest & Sinking	0

Current Year Debt Service
The following amounts are for long-term debts that are secured by property taxes. These amounts will be paid from upcoming property tax revenues (or additional sales tax revenues, if applicable).

Description of Debt	Principal or Contract Payment to be Paid from Property Taxes	Interest to be Paid from Property Taxes	Other Amounts to be Paid	Total Payment
2020	75,000	22,440	0	97,440
2022	365,000	523,177	0	888,177

Total required for 2022 debt service	$985,617
- Amount (if any) paid from funds listed in unencumbered funds	$0
- Amount (if any) paid from other resources	$0
- Excess collections last year	$4,545
= Total to be paid from taxes in 2022	$981,072
+ Amount added in anticipation that the unit will collect only 101.88% of its taxes in 2022	$-18,104
= Total debt levy	$962,968

This notice contains a summary of actual no-new-revenue and voter-approval calculations as certified by Kristin R. Bulanek, Brazoria County Tax Assessor-Collector on 08/25/2022 .

Visit Texas.gov/PropertyTaxes to find a link to your local property tax database on which you can easily access information regarding your property taxes, including information about proposed tax rates and scheduled public hearings of each entity that taxes your property.

The 86th Texas Legislature modified the manner in which the voter-approval tax rate is calculated to limit the rate of growth of property taxes in the state.