The
following are facts about Belton and Salado Taxes. According to Bell County Tax Office, here is
the comparison between Belton and Salado taxes:
Local
Tax Exemptions for Citizens over 65:
Belton gives
$10,000 in tax exemptions to citizens over 65
Salado gives
$50,000 in tax exemptions to citizens over
65
Disabled
Tax Exemptions:
Belton gives
$10,000 in tax exemptions to citizens
Salado gives
$50,000 in tax exemptions to citizens
Homestead
Tax Exemption:
Belton's
Homestead Exemption is 0 (nothing)
Salado's
Homestead Exemption is $5000 or 20%
Maintenance
and Operation (M&O) Property Tax
Belton's M&O
Property tax is 0.53930 cents per $100
Salado's M&O
property tax is 0.19990 cents per $100
Debt
Obligation Tax Rate or I&S Rate (Interest and Sinking)
Belton: 0.12050
cents
Salado: 0.34200
cents (Sewer and Waste Water Treatment Debt Obligation Taxes)
Total
Rate of Taxes per $100
Belton’s
Current Tax is -- 0.65980
Salado’s
Current Tax is – 0.54190
Fact: If Disannexation
wins and a part of Salado is Disannexed, the Debt Obligation Tax is the
obligation of every citizen whether in Salado city limits or Disannexed until
paid in full.
Fact: The Board of
Aldermen/lady, after the first attempt to Disannex, voted:
(1) Honor the results of the election and
Disannex the outlined area, and
(2) drop
the Disannexed area from Salado’s Extra Territorial Jurisdiction (ETJ) making
the area available for annexation by surrounding towns.
The vote
remains.
Fact: If the second attempt to Disannex passes and
Belton annexes the Disannexed area, taxes for the Disannexed citizens:
Belton: 0.65980 (Current Tax) + 0.54190 (Salado Debt
Obligation Sewer Debt Tax):
$1.0018
per $100
Salado: 0.54190, which includes that Debt Obligation
tax, remains:
0.54
cents per $100
Fact:
Belton’s city
limits are currently at the Amity Bridge.
Belton recently annexed approximately 600 acres near or next to Salado’s
ETJ. The potential Maintenance and
Operation Property Taxes available from the Disannexed area is a strong reason
to annex.
Fact:
As far as
Maintenance and Operation Property Tax exemptions:
Belton gives a
MAXIMUM of $10,000 in exemptions. A
homeowner cannot add the Over 65 and the Disabled exemptions together and claim
the total. IT IS A MAXIMUM $10,000 and no more.
Salado gives a Maximum of 20% PLUS $50,000.
These are facts and if you want more
information, please go to the Bell County Tax Office or call Ms. Hubnick,
939-5841.
For your convenience this Appraisal Roll was acquired from Bell County Tax Office, Tuesday, 7 Mar 17.