Finance Department

Notice of Proposed 2021 Tax Rate

Our mission is to provide timely and accurate financial information to ensure that resources of the City are secure and utilized as intended by City Council policy and City Management directives.

Property Tax Rate Comparison

  2020 - 2021
2019 - 2020
2018 - 2019
Property Tax Rate $0.803000/100 $0.803000/100 $0.803000/100
Effective Tax Rate $0.776443/100 $0.762708/100 $0.753280/100
Effective M&O Tax Rate $0.818734/100 $0.700079/100 $0.686637/100
Rollback Tax Rate $0.841974/100 $0.825034/100 $0.817733/100
Debt Rate $0.055020/100 $0.061245/100 $0.067828/100

Property Tax Levy Trend

prop tax

Balch Springs once again saw growth in assessed valuation resulting in an investment into maintenance and operations and a stable tax rate of $0.803000 for residents. This is the fourth consecutive year of an assessed valuation exceeding an 8% growth rate. The budget will raise more revenue from property taxes than last year’s budget by an amount of $464,051, which is an 5.47% increase from last year’s budget. The property tax revenue to be raised from new property added to the tax roll this year is $267,138. Certified values for 2020 reflect new construction of about $31 million.

Sales Tax Trend

Sales Tax Trend 2021

Sales Taxes comprise the City’s second leading source of General Fund revenues. Current year collections are projected to remain flat. Future additions to the business community include Dominion Apartments, Comfort Inn Suites, LDG Development, Hillwood Development and Retail Sites to name a few. And it is with great pleasure that we welcome Amazon Logistics to our community. These properties will bring in increased consumer spending. The City will continue to partner with sales tax recovery companies to recuperate past taxes due to Balch Springs erroneously paid to other cities or not paid at all.