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