Iowa Colony, TX |

City News & Notices

moving

Police Department and City Hall Offices Relocating »

Beginning Monday, November 27, 2023, the Iowa Colony Police Department & City Hall are relocating to the new Public...

thanksgiving holiday

City Offices Closed for Thanksgiving Holidays »

The Iowa Colony City Hall and Municipal Court will be closed on Thursday, November 23rd, and Friday, November 24th in...

veterans day

City Offices Closed for Veteran's Day Holiday »

The Iowa Colony City Hall and Municipal Court will be closed on Friday, November 10th in observance of the Veterans Day...

Meeting & Events Calendar

December

S	M	T	W	T	F	S
					1 Festival of Lights 6:00pm to 9:00pm	2 Holiday Open House and Grand Opening 10:30am to 1:00pm
3	4	5 City Council and Planning and Zoning Commission Joint Worksession 6:00pm Planning Commission Meeting 7:00pm	6	7	8	9
10	11	12	13	14	15	16
17	18 Council Meeting 7:00pm	19	20	21	22	23
24	25	26	27	28	29	30
31

All upcoming events

Upcoming Meetings

Council Meeting

December 18, 2023 - 7:00pm

Planning Commission Meeting

January 2, 2024 - 7:00pm

Planning Commission Meeting

January 2, 2024 - 7:00pm

Planning Commission Meeting

January 2, 2024 - 7:00pm

Planning Commission Meeting

January 2, 2024 - 7:00pm

All upcoming events

District Agencies

Click here for the City of Iowa Colony FY 23-24 Adopted Budget
Click here for the Crime Control & Prevention District FY 23-24 Approved Budget

Notice About 2023 Tax Rates

Property tax rates in CITY OF IOWA COLONY.

This notice concerns the 2023 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	$0.514118/$100
This year's voter-approval tax rate	$1.656576/$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
2020	75,000	20,910	0	95,910
2022	255,000	638,000	750	893,750
RBT	700,000	0	0	700,000

Total required for 2023 debt service	$1,689,660
- 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 2023	$1,689,660
+ Amount added in anticipation that the unit will collect only 99.97% of its taxes in 2023	$507
= Total debt levy	$1,690,167

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 08/08/2023 .

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.