EXPLAINER: Why maintaining same property tax rate causes homeowners to pay more

The city of McAllen adopted its tax rate this week for the 2021-22 fiscal year. The approved rate of 0.495600 per $100 of valuation is the same rate the city had last year, but homeowners will still end up paying more in property taxes. The city tried to explain why. One thing that Mayor Javier … Continue reading EXPLAINER: Why maintaining same property tax rate causes homeowners to pay more