Lubbock Property Taxes Set to Rise | Lubbock News

Lubbock’s City Council just capped the property tax rate at 51.3421 cents per $100 of value — a move designed to balance essential services with homeowner affordability. Despite statewide business tax exemptions that raised the revenue target, the “no-new-revenue” rate climbed to 47.5154 cents. With proposed raises for police and fire, average homeowners could face a $117.33 increase — pushing bills over $1,177. Without those raises, the hike drops to about $90. The mayor is also eyeing utility costs for relief, and citizens can weigh in at a public hearing on September 1st — all while the council races to finalize the budget in under a month. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/0480be4f4cf0d302