City of Roma Adopts New Property Tax Rate for 2024-2025 Fiscal Year
The City of Roma has officially adopted a new property tax rate for the fiscal year spanning from October 1, 2024, to September 30, 2025. This new rate, set by Ordinance No. 2024-15, was established following a public hearing held on August 29, 2024, in accordance with the Texas Property Tax Code.
Key Highlights:
- New Tax Rate: The adopted tax rate is $0.567900 per $100 of assessed property valuation.
- Tax Rate Breakdown:
- $0.499077 will go toward maintenance and operations (M&O), ensuring the city can continue to provide essential services.
- $0.068823 is allocated for debt service, which covers repayments on municipal bonds and other financial obligations.
While the newly adopted rate exceeds the no-new-revenue tax rate, it remains below the voter-approval tax rate, meaning the city does not require a public election to implement this rate. The City Council determined this rate is necessary to support the city's budget for the upcoming fiscal year and maintain its services and infrastructure.
Council Approval:The tax rate was passed by the City Council, with a majority of the members voting in favor:
- Mayor Jaime Escobar, Jr. – For
- Councilmember Gaby Rodriguez – For
- Councilmember Jose G. Cantu, Jr. – Absent
- Councilmember Citlali N. Gonzalez – For
- Councilmember Joel Hinojosa, Jr. – For
This ordinance will take immediate effect, ensuring the city can continue to operate efficiently and meet its financial commitments to the community.
Stay informed about the latest developments by visiting our official website or attending upcoming council meetings.
For more information on the tax rate and how it affects you, please reach out to the City of Roma or consult the public record on Ordinance No. 2024-15.