It’s tax increase time in Amarillo.
On Tuesday, the Amarillo City Council voted unanimously to set the tax rate for the upcoming fiscal year with an effective tax increase attached. The new tax rate, which will see Amarillo residents pay $0.36838 per $100 evaluation, was raised due to outstanding bond debt. Amarillo residents can also expect to pay more in taxes, due to increased property valuations, resulting in an effective tax increase.
In total, this results in about a 1.8 percent property tax increase for taxpayers in the Amarillo city limits.
