Texas Border Business
EDINBURG, Texas – For the first time since 1996, the property tax rate has been reduced in the city of Edinburg.
During this week’s city council meeting on Tuesday, September 6, 2022, the Edinburg City Council adopted a property tax rate of .64 cents, a four-cent reduction from the rate established three years ago, to provide residents with necessary relief among the rising costs of living.
In 2019, former city council members voted to increase the tax rate from .635 to .68, which amounted to an increase of 4.5 cents. In that time, property assessment valuations have increased by approximately 30%, and when there is an increase in property value, property taxes increase as a result. In order to provide relief to homeowners, Mayor Ramiro Garza Jr., Mayor Pro-Tem Johnny Garcia, and council members David White, Dan Diaz, and Jason De Leon made the reduction a priority when preparing the budget for the new fiscal year.
“You have to evaluate what all of the needs are in our city and make sure that we’re attending those needs,” Mayor Garza says. “At the same time, with the way the economy is going, with the rising cost of inflation, people need some relief.”
The newly adopted tax rate will go into effect on October 1, 2022, and while all home and business owners will notice a change in their property taxes, some will be more significant than others based on a number of factors.
“We’re reducing the tax rate, and all that means is people are going to pay less in taxes for the city portion of their tax bill,” Mayor Garza continues. “How much less depends on the evaluation of their home or their business. The savings will vary depending on not only the value of your home but how much your value is this year compared to last year, as an example.”
This tax rate reduction will not affect existing services or improvement programs offered by the city of Edinburg.
If you would like to stay up-to-date on city business, regularly scheduled city council meetings are held every first and third Tuesday of the month at 6:00 PM at the Edinburg City Hall Council Chambers, located at 415 W. University Drive. Meetings are also streamed live at www.cityofedinburg.com and on Spectrum Channel 1300.
*Residential and commercial property valuations are determined by the Hidalgo County Appraisal District.