Iowa Colony, TX |

City News & Notices

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Hurricane Beryl »

The below message was sent on July 19th by Mayor Wil Kennedy relating to recovery efforts from Hurricane Beryl.

Notice of Intent to Authorize Use of Funds »

Click Here to View the Notice of Intent to...

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Emergency Alerts »

The City of Iowa Colony has transitioned to a new Mass Notification System for general and emergency outreach. To...

Meeting & Events Calendar

July

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

All upcoming events

Upcoming Meetings

Planning Commission Meeting

August 6, 2024 - 7:00pm

City Council Meeting

August 12, 2024 - 7:00pm

Crime Control & Prevention District Meeting

August 20, 2024 - 6:00pm

Planning Commission Meeting

September 3, 2024 - 7:00pm

Planning Commission Meeting

September 3, 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
Click here for the Crime Control & Prevention District FY 24-25 Proposed 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.