General Budget & Tax Rate Information
The fiscal year 2023 budget and tax rate were adopted by City Council on August 18, 2022. For questions related to the annual budget and tax rate, the Finance office can be reached at
City of Temple
2 North Main Street, Suite 302
Temple, TX 76502
254-298-5631
financeweb@templetx.gov
Or you can reach out to your council member, whose contact information can be located here.
The City of Temple resides in Bell County. Bell County must maintain a database of property tax-related information. The link for the county’s tax transparency website is found at bellcad.org
Fiscal Year 2023 Budget Data Compared to Fiscal Year 2022 Budget Data
The table below summarizes the City’s adopted budget by fund for the preceding two years (FY 2021 and FY 2022), current fiscal year (FY 2023), as well as showing the calculated change in the City’s current budget (FY 2023) compared to previous fiscal year (FY 2022).
Fund Type | Adopted Budget FY 2021 |
Adopted Budget FY 2022 |
Adopted Budget FY 2023 |
$ Change FY 23 vs FY 22 |
% Change FY 23 vs FY 22 |
General Fund | $ 83,707,907 | $ 93,108,445 | $ 107,621,647 | $ 14,513,202 | 15.59% |
Water & Wastewater Fund | 44,037,124 | 46,667,145 | 54,205,238 | 7,538,093 | 16.15% |
Reinvestment Zone No. 1 Fund | 20,867,403 | 48,222,109 | 21,294,611 | (26,927,498) | -55.84% |
Debt Service Fund | 20,273,288 | 21,972,789 | 25,228,239 | 3,255,450 | 14.82% |
Drainage Fund | 2,850,103 | 2,974,750 | 3,137,433 | 162,683 | 5.47% |
Hotel/Motel Tax Fund | 2,248,938 | 2,182,460 | 2,978,155 | 795,695 | 36.46% |
Federal/State Grant Fund | 626,742 | 659,412 | 682,794 | 23,382 | 3.55% |
Total Budget | $ 174,611,505 | $ 215,787,110 | $ 215,148,117 | $ (638,993) | -0.30% |
The City’s most recent annual budget can be found here, and the most recent Annual Comprehensive Financial Report is found here.
Fiscal Year 2023 Tax Rate Compared to Fiscal Year 2022 Tax Rate
Fiscal year 2023 Budget is based on tax year 2022 expected revenue. For fiscal year 2023, the following rates were calculated and used by the City of Temple to produce it’s adopted budget:
Adopted Budget FY 2021 |
Adopted Budget FY 2022 |
Adopted Budget FY 2023 |
$ Change FY 23 vs FY 22 |
% Change FY 23 vs FY 22 |
|
Adopted Operating Rate (M&O) | $ 0.300000 | $ 0.303000 | $ 0.286300 | $ (0.016700) | -5.51% |
Adopted Debt Rate (I&S) | 0.352500 | 0.337000 | 0.326700 | (0.010300) | -3.06% |
Total Adopted Rate | 0.652500 | 0.640000 | 0.613000 | (0.027000) | -4.22% |
No-New Revenue Tax Rate | 0.625200 | 0.609000 | 0.522700 | (0.086300) | -14.17% |
No-New Revenue Operating Rate (M&O) | 0.466700 | 0.283800 | 0.259700 | (0.024100) | -8.49% |
Voter-Approval Operating Rate (M&O) | 0.483000 | 0.474800 | 0.442200 | (0.032600) | -6.87% |
Voter-Approval Tax Rate | 0.668700 | 0.660600 | 0.628700 | (0.031900) | -4.83% |
For a complete explanation of how the FY 2023 rates were calculated, please click here.
The table below summarizes the City’s budget property tax revenue for maintenance and operations (M&O) and debt service (I&S) for the preceding two years (FY 2021 and FY 2022), current fiscal year (FY 2023), as well as showing the calculated change in the City’s current fiscal year (FY 2023) compared to previous fiscal year (FY 2022).
Property Tax Revenue Budget: |
Adopted Budget FY 2021 |
Adopted Budget FY 2022 |
Adopted Budget FY 2023 |
$ Change FY 23 vs FY 22 |
%Change FY 23 vs FY 22 |
for Maintenance & Operations | $ 17,646,657 | $ 19,621,292 | $ 22,433,136 | $ 2,811,844 | 14.33% |
for Debt Service | 17,041,388 | 18,134,309 | 21,499,959 | 3,365,650 | 18.56% |
Total Budget | $ 34,688,045 | $ 37,755,601 | $ 43,933,095 | $ 6,177,494 | 16.36% |
The budgeted collection rate for property taxes in fiscal year 2023 is as following:
- Maintenance & Operations – 98.00% current and 1.00% delinquent
- Debt Service – 99.00% current and 1.00% delinquent