UP City Council OKs Maximum Proposed Property Tax Rate, Sets Date To Consider Final Rate

The University Park City Council this week approved a maximum proposed property tax rate of 25.6527 cents per $100 of taxable value for fiscal year 2023. That doesn’t mean that’s the rate homeowners will pay, though.

“We are here to set the maximum tax rate. This is not a rate that we actually intend to enact, but we could if we needed to,” said University Park finance director Tom Tvardzik.

Tvardzik noted that 1.26% of property in the city remained under protest as of the certified estimate of values from the Dallas Central Appraisal District July 25, and the final certified valuation is up 11.42% from 2021.

A public hearing on the proposed tax rate is set for 5 p.m. during the regular city council meeting Sept. 20, after which the city council will consider adopting the final fiscal year 2023 property tax rate.

Rachel Snyder

Rachel Snyder, deputy editor at People Newspapers, joined the staff in 2019, returning to her native Dallas-Fort Worth after starting her career at community newspapers in Oklahoma. One of her stories won first place in its category in the Oklahoma Press Association’s Better Newspaper Contest in 2018. She’s a fan of puns and community journalism, not necessarily in that order. You can reach her at [email protected]

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