News Flash

Community News

Posted on: October 3, 2023

Galveston City Council approves property tax rate

The Galveston City Council on Wednesday voted to adopt a tax rate of 40.885 cents per $100 taxable property valuation ($0.40885) for property tax year 2023, a rate that is 3.565 cents less than last year. 

Council approval adopted a rate of $0.043066 for debt service and $0.365784 for maintenance and operations, which includes a $0.05 per $100 of taxable property value for Rosenberg Library. This tax rate is one of the lowest in Galveston County.

For residence homesteads, the annual increase is limited to 10 percent more than the previous year's taxable value and new improvements. The following chart depicts the estimated impact to homesteaded property owners whose property increased by the maximum 10 percent: 

Homesteaded Property Owners Impact:

Ten Percent Increase in Assessed Valuehomestead

City property taxes provide funding for about 46 percent of the General Fund as well as the City’s annual debt service obligations. Property taxes pay for important services, such as public safety and infrastructure. The Adopted FY 2024 Annual Budget incorporates this tax rate and represents the city’s priorities, including investments in water and street infrastructure, public safety, and improved drainage.  

Council members Sharon Lewis, David Finklea, David Collins, Craig Brown, and Mike Bouvier voted for the adoption of the tax rate. Councilwoman Marie Robb voted against it, and Councilman John Paul Listowski was absent during the meeting. All budget documents are available online at galvestontx.gov/financialtransparency 

Facebook Twitter Email

Other News in Community News

Galveston marathon returns this Sunday

Posted on: February 22, 2024

South Shore drainage improvement project

Posted on: February 5, 2024

Reminder: Seawall overnight parking rules during Mardi Gras

Posted on: January 29, 2024 | Last Modified on: November 5, 2021

City Manager's Report now online

Posted on: January 8, 2024

City Manager's Report online now

Posted on: November 22, 2023

City welcomes new Chief Financial Officer

Posted on: September 29, 2023

City Manager Report available online

Posted on: August 10, 2023