The City of Coppell has proposed a property tax rate that would see the city’s average property tax bill for homeowners jump over 6 percent in one year, from $2,193 to $2,337.
According to data from the Dallas Central Appraisal District, the city’s average property tax bill for homeowners jumped 22 percent between 2013 and 2018, from $1,798 to $2,193. Coppell’s proposed property tax rate for this year, $0.5840 per $100 valuation, is above their “effective” tax rate, $0.563815 per $100 valuation, and would result in the city’s average property tax bill for homeowners increasing 6.56 percent from last year and 30 percent from just six years ago.
The “effective” tax rate, also called the “no-new-revenue” rate, adjusts as property values change to keep taxpayers’ bills, in the aggregate, more or less the same from one year to the next, though individual amounts vary based on valuations and exemptions.
Because year-over-year rate comparisons are meaningless as they don’t account for changing property values, Texas’ Truth in Taxation laws require taxing entities to calculate and publish their effective rate each year to ensure the public is informed of any property tax increases.
Taxpayers still have time to voice their opinion on the proposed tax hike.
The city’s second public hearing on this issue will be on September 3 at 6:00 p.m. City council will vote on the tax rate on September 10 at 7:30 p.m.