Property Tax
Property Tax picProperty, or "ad valorem," tax is a levy issued by a local government on real or personal property. The property is assessed to give it a value, and then that value is taxed. In Texas, the amount of tax owed is determined by multiplying the value of the property by the current tax rate and dividing by 100, as the rates are expressed per $100 of taxable property valuation.

In September of each year, the governing bodies of the local taxing units decide what services they will provide and how much money they will need. They adopt their respective unit budgets and set the property tax rates for the year that will provide the needed revenues to fund those services.

The City of Sealy contracts with the Austin County Appraiser District to function as the city's tax assessor-collector. By October 1 or as soon thereafter as practicable each year, the district prepares the property tax bills and mails them to all property owners listed on the tax roll or to their agents. The district also collects the taxes and then remits them to the city.
Tax Year 2021:  

 Maintenance & Operations (M&O)

 $0.19651 per $100 valuation

 Interest & Sinking (I&S), or Debt Service    

 $0.06924 per $100 valuation 

 Total Rate

 $0.26575 per $100 valuation 

The M&O component of the tax rate generates revenues in the coming year to fund the day-to-day operations of the city's general fund, whereas the I&S component provides sufficient funds for the city's debt payments in the coming year.
Property Tax Rates History Chart
NOTE: The considerable increase in the 2015 property tax rate was due to an increase in the debt service component of the tax rate resulting from the city’s issuance of $15 million in Series 2015 Combination Tax and Revenue Certificates of Obligation.
Tax Rate Worksheet History
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