Wednesday, November 20, 2013

Sugar Land's tax rate ranked lowest among Texas cities

Sugar Land again has one of the lowest tax rates in the state, according to a Texas Municipal League survey of 657 Texas cities.  

When comparing cities with populations greater than 25,000, Sugar Land's tax rate of 30.895 cents was the lowest. The report also included the following results for 31 cities with populations of 60,000 to 400,000: 

2013 TML Tax and Debt Survey

 

Group Average

 

Sugar Land

Sugar Land

Rank

Tax Rate

57.599 cents

30.895 cents

Lowest

Taxable Value per Capita

$ 61,667

$ 114,783

2nd Highest

Population

131,154

84,511

24th Largest

Net Taxable Value

$7.8 Billion

$9.7 Billion

8th Highest

Tax Backed Debt as a Percent of Taxable Value

2.54 percent

2.4 percent

15th Lowest

These results of the survey are another example of the City's strong economic health, contributing to the public's continued confidence in the City's responsible financial stewardship.  The City's sound fiscal management has resulted in a AAA bond rating from Standard & Poor's and Fitch, allowing Sugar Land to finance capital improvement projects at competitive rates.

Source : http://www.yourhoustonnews.com/sugar_land/news/sugar-land-s-tax-rate-ranked-lowest-among-texas-cities/article_2a6b2b6e-522b-11e3-8b7f-0019bb2963f4.html

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