curlyphries
Pa Mi Gente Español
Budget

Brownsville FY 2008 Adopted Property Tax Budget

original file: 2008 Adopted Budget (PDF)
Brownsville

Open the original document

AI-generated summary — always verify against the original document above.

What is this?

The 2008 Adopted Budget shows the property‑tax rates the City of Brownsville set for fiscal year 2008, how those rates are split between the General (M&O) fund and the Debt Service fund, and the amount of tax revenue the city expects to collect. The proposed ad‑valorem tax rate is $0.650517 per $100 of assessed value (about 0.65%). About 54.41% of each dollar goes to the General Fund and 45.59% to the Debt Service Fund. With a 93% collection rate, the city projects to collect roughly $32.8 million in property taxes, after accounting for early‑payment discounts, penalties, and prior‑year balances. The budget also notes that a freeze on taxes for properties owned by people over 65 reduces the levy by $275,612.

Key figures

Proposed ad valorem tax rate $0.650517 per $100 valuation
General fund (M&O) tax rate $0.353925 per $100 valuation (54.41%)
Debt service fund tax rate $0.296592 per $100 valuation (45.59%)
Estimated total property tax levy for FY 2008 $32,837,359
Expected collection rate 93%
Freeze‑adjusted 2007 tax roll value $4,718,329,833
Levy loss from over‑65 tax freeze $275,612
General fund allocation (93% collection) $16,615,131
Generated by gpt-oss:120b