2023 City of Belton Annual Comprehensive Financial Report

Page 134

City of Belton, Texas Property Tax Levies and Collections Last Ten Fiscal Years (Unaudited) Fiscal Year Taxes levied: Fiscal year levy Adjustments in subsequent years Total of taxes levied (1)

2014

2015

2016

2017

$ 5,515,442 (17,101) 5,498,341

$ 5,886,071 (17,164) 5,868,907

$ 6,242,079 40,893 6,282,972

$ 6,586,489 (19,473) 6,567,016

Taxes collected: Fiscal year collections Collections in subsequent years (2) Total of taxes collected

5,426,284

5,780,783

6,213,465

6,493,885

62,291 $5,488,575

78,055 $5,858,838

57,446 $6,270,911

58,857 $6,552,742

Collection rates: Percentage collected in fiscal year Percentage collected of total levy

98.69% 99.82%

98.50% 99.83%

98.89% 99.81%

98.89% 99.78%

Delinquent taxes: Total outstanding balance Percentage of total levy outstanding

9,766 0.18%

10,069 0.17%

12,061 0.19%

14,274 0.22%

Notes: (1)

The tax levy reflects the certified and uncertified property values of each fiscal year as of September 30, 2023.

(2)

Negative tax collections in subsequent years reflect refunds due to losses in property tax hearings.

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2023 City of Belton Annual Comprehensive Financial Report by CityofBeltonTexas - Issuu