| Finance FAQs |
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Most frequently asked questions about the Finance Department.
What is the City’s Property Tax Rate? The city’s current tax rate is $0.3559 per $100 of assessed valuation. Is this my total tax rate? No, the city is only one of several taxing authorities with overlapping jurisdiction for city of Colleyville residents. The table below illustrates the combined tax rates for Colleyville residents depending on which school district they reside in:
2008 Total Tax Rate
Does the city of Colleyville bill me for my property taxes? No. For several years, the city of Colleyville has contracted with the Grapevine-Colleyville School District Tax Office to collect property taxes on their behalf. The contact information for the Tax Assessor-Collector is: Grapevine-Colleyville Area Tax Office What Property Tax exemptions does the city provide? The city provides a homestead exemption of $65,000 for residents over 65 and disabled residents. The city also provides the freezing of taxes for residents over 65 and disabled residents. To receive this exemption, contact Tarrant Appraisal District at 817.284.0024 or 817.284.4063, write to 2500 Handley-Ederville Road, Fort Worth, TX 76118 or visit their web site at the Tarrant Appraisal District www.tad.org. What is the current sales tax rate? The sales tax for the city is 8.25%. The state collects this tax, 6.25% of which is retained by the state. The state remits the remaining 2% to the city monthly. The city's collections are allocated as follows: 1% for general services; 0.5% to park and facilities development and economic development; and another 0.5% to the Colleyville Crime Control and Prevention District. |
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Thursday, July 24, 2008
©2006 City of Colleyville, Texas
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