Strong financial stewardship of taxpayer dollars is at the forefront of every decision made by the Rowlett City Council. Since 2017, the City has reduced the property tax rate FOUR TIMES totaling 10.6 cents, including in Fiscal Year 2023.
A successful three-year Bond Election strategy begun in 2015 has provided funding for over $107,485,000 in streets, alleys, parks and public safety improvements projects with ZERO INCREASE TO THE PROPERTY TAX RATE.
2023 Bond Tax Rate Increase Information
If voters approve the 2023 Bond Propositions, an increase to the City’s ad valorem tax rate will occur. Except under very specific circumstances, this increase will not affect Rowlett residents over the age of 65 with the Senior Tax Freeze* More info below.
The current tax rate is $0.681000.
Every $10 million bonded results in a…
tax increase of approx. $.013 (1.3 pennies) per $100 valuation.
$32.50 annual tax increase on a home with a taxable value of $250,000.
Tax Impact Estimator >>
Public Safety Facility
8.31 cent tax increase
$208 per year increase for a home with a taxable value of $250,000
1.1 cent tax increase
$27 per year increase for a home with a taxable value of $250,000
.52 cent tax increase (1/2 cent)
$13 per year increase for a home with a taxable value of $250,000
If voters approve all three propositions:
9.88 cent tax increase .68 cents per day OR
$248 per year increase for a home with a taxable value of $250,000.
Use the calculator above to estimate your payment
*Senior Tax Freeze and Tax Exemption
The City of Rowlett adopted the Over 65 Tax Freeze in 2004. In addition, the City of Rowlett provides a $30,000 tax exemption to residents over the age of 65.
The Over 65 Tax Freeze sets the maximum amount of property taxes paid each year to the City of Rowlett over their lifetime.
Once an individual homeowner becomes 65, the homeowner’s taxable value is reduced by the $30,000 Over 65 Tax Exemption and the resulting lower property tax bill becomes permanently “capped”.
The Over 65 Tax Freeze is based on the amount of property taxes paid at the time the homeowner becomes 65, not on the property value.
This amount forms the permanent cap. This benefit is permanent for as long as the taxpayer owns the home.
Award-winning Financial Management
For the past 17 years, the City has received the Government Finance Officers Association (GFOA) Distinguished Budget Award for the annual budget. In addition, for the past 15 years, the City also received the GFOA award for the Comprehensive Annual Financial Report.
Rowlett has been awarded ALL FIVE Transparency Stars in the Texas Comptroller’s program, which recognizes government organizations who publicly share information with the public in the areas of traditional finances, contracts and procurement, economic development, public pensions and debt obligations. Rowlett not only publishes the adopted budget and Comprehensive Annual Financial Report on the City’s website each year, but also publishes monthly financial reports, check registers, debt levels and tax information.
Govern Transparently and Inclusively
2021 - Go.Verizon.com #44 Best Small City to Start a Business (in the country)
2021 – MoveBuddha’s Most Popular Mid-Size Cities for Home Buying Opportunity
2020 - US Census Bureau #8 Fastest-growing City in the Country
2020 - AARP Age-Friendly Community designation
2020 – US Census Bureau #8 Fastest Growing City in the Country
2019 - Top 10 Small Towns to Retire by US News and World Report
2015 – Nerdwallet Top 50 Best Small Cities for Families
2014 - Money Magazine’s Top 25 Places To Live
2013 - Movoto Best Small City To Move To