Finance
City of Lavon Property Tax Information
2024-25 PUBLIC NOTICE – The City of Lavon ADOPTED A TAX RATE THAT WILL RAISE MORE TAXES FOR MAINTENANCE AND OPERATIONS THAN LAST YEAR’S TAX RATE.
This budget will raise more revenue from property taxes than last year’s budget by $621,355 which is a 16.76% increase from last year’s budget. The property tax revenue to be raised from new property added to the tax roll this year is $364,118. The proposed tax rate of $0.42 per $100 is greater than the no-new-revenue tax rate of $0.391501 and is not greater than the voter approval tax rate of $0.479024. The proposed tax rate for maintenance and operations is $0.228373 and for debt service for capital improvements is $0.191627.
| ADOPTED | FY 2022-23 | FY 2023-24 | FY 2024-25 | Incr/(Decr) | % Change |
|---|---|---|---|---|---|
| Total Budget | 13,243,769 | 18,763,365 | 27,127,029 | 8,363,664 | 44.57% |
| Property Tax Revenue Budget: | |||||
| Maint & Ops | 1,830,233 | 2,811,584 | 2,445,150 | (366,434) | -13.03% |
| Debt Service | 1,108,601 | 1,166,490 | 2,052,960 | 886,470 | 75.99% |
| TIRZ 2 | – | – | 169,800 | 169,800 | NA |
| Total | 2,938,834 | 3,978,074 | 4,667,910 | 689,836 | 17.34% |
| Property Tax Rate: | |||||
| Maint & Ops | 0.268168 | 0.296747 | 0.228373 | (0.068374) | -23.04% |
| Debt Service | 0.161832 | 0.123253 | 0.191627 | 0.068374 | 55.47% |
| Total | 0.430000 | 0.420000 | 0.420000 | – | 0.00% |
(per $100 assessed valuation)
Other City Information
Tax Rate Calculation Worksheets
Visit Texas.gov/PropertyTaxes to find a link to your local property tax database on which you can easily access information regarding your property taxes, including information regarding the amount of taxes that each entity that taxes your property will impose if the entity adopts its proposed tax rate. Your local property tax database will be updated regularly during August and September as local elected officials propose and adopt the property tax rates that will determine how much you pay in property taxes.
The County Tax Assessor/Collector is responsible for calculating, billing and collecting taxes.
Collin County Tax Assessor Collector
Kenneth Maun
2300 Bloomdale Rd, McKinney, TX 75071
Phone: 972-547-5020
Email: taxassessor@collincountytx.gov
The Collin Central Appraisal District is responsible for determining the market value of all property, and communicating that value annually to each taxpayer and taxing jurisdiction.
Visit the Central Appraisal District of Collin County for important information concerning tax rates, exemptions, appraisals, certified totals, protest procedures and other important tax information.
Physical Address
120 School Road
Lavon, TX 75166
Mailing Address
PO Box 340
Lavon, TX 75166
Phone: (972) 843-4220
Office Hours: 8AM – 5PM
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