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.
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