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