Iowa Colony, TX |

City News & Notices

traffic alert

Long Term Road Closures for Construction »

***UPDATED 1/10/2023***As construction on the SH 288 overpass project begins, the following long-term road closures...

jury duty

Jury Duty Cancelled - June 8 »

You do not need to appear if you were summoned for Jury Duty by the City of Iowa Colony Municipal Court on June 8, 2023...

memorial day 2023

City Offices Closed for Memorial Day Holiday »

The Iowa Colony City Hall and Municipal Court will be closed on Monday, May 29th in observance of the Memorial Day...

Meeting & Events Calendar

June

S	M	T	W	T	F	S
				1	2	3
4	5 Iowa Colony Development Authority Meeting/Tax Increment Reinvestment Zone No. 2 6:00pm	6 Planning Commission Meeting 7:00pm	7	8	9	10
11	12 City Council Meeting 6:00pm	13 Crime Control & Prevention District Meeting 6:00pm	14	15	16	17
18	19	20	21	22	23	24
25	26 Council Meeting 7:00pm	27	28	29	30

All upcoming events

Upcoming Meetings

Iowa Colony Development Authority Meeting/Tax Increment Reinvestment Zone No. 2

June 5, 2023 - 6:00pm

Planning Commission Meeting

June 6, 2023 - 7:00pm

City Council Meeting

June 12, 2023 - 6:00pm

Crime Control & Prevention District Meeting

June 13, 2023 - 6:00pm

Council Meeting

June 26, 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
Click here for the Crime Control & Prevention District FY 23-24 Proposed 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.