Belton and Salado Taxes Compared: The Facts

Friends,

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.