Iowa Colony, TX |

City News & Notices

MUD 55 Townhall Meeting Response »

Brazoria County MUD #55 (Meridiana) recently held a Townhall Meeting to discuss the conveyance of the water and...

FY 2024-2025 Proposed Budget and Tax Rate Information »

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Hurricane Beryl »

The following link details information relating to proactive measures taken on by CenterPoint Energy to bolster our...

Meeting & Events Calendar

November

S	M	T	W	T	F	S
					1	2
3	4	5	6 Special City Council Meeting 6:00pm	7 Planning Commission Meeting 7:00pm	8	9
10	11	12	13	14	15	16
17	18 City Council Meeting 7:00pm	19 Crime Control & Prevention District Meeting 6:00pm	20	21	22	23
24	25	26	27	28	29	30

All upcoming events

Upcoming Meetings

Special City Council Meeting

November 6, 2024 - 6:00pm

Planning Commission Meeting

November 7, 2024 - 7:00pm

City Council Meeting

November 18, 2024 - 7:00pm

Crime Control & Prevention District Meeting

November 19, 2024 - 6:00pm

Planning Commission Meeting

December 3, 2024 - 7:00pm

All upcoming events

District Agencies

Click here for the City of Iowa Colony FY 24-25 Adopted Budget
Click here for the Crime Control & Prevention District FY 24-25 Approved Budget

Notice About 2024 Tax Rates

Property tax rates in CITY OF IOWA COLONY.

This notice concerns the 2024 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	$0.474894/$100
This year's voter-approval tax rate	$0.751967/$100

To see the full calculations, please visit https://www.brazoriacountytx.gov/departments/tax-office/property-taxes/t... for a copy of the Tax Rate Calculation Worksheet.

Unencumbered Fund Balance
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	5,000,000
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
Series 2020	80,000	19,380	0	99,380
Series 2022	265,000	625,250	750	891,000
Rebate	900,000	0	0	900,000

Total required for 2024 debt service	$1,890,380
- Amount (if any) paid from funds listed in unencumbered funds	$0
- Amount (if any) paid from other resources	$0
- Excess collections last year	$0
= Total to be paid from taxes in 2024	$1,890,380
+ Amount added in anticipation that the unit will collect only 99.34% of its taxes in 2024	$12,559
= Total debt levy	$1,902,939

This notice contains a summary of actual no-new-revenue and voter-approval calculations as certified by Kristin R. Bulanek, Tax Assessor-Collector on 07/30/2024 .

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. For the Truth in Taxation notice, please click here.