City of Midland's tax bill still as low as any city in West Texas 

 (Sept. 18, 2024)

MIDLAND, TEXAS -- Midlanders’ total tax bill can again expect their tax bills to be among the lowest in the region and across the state.

The Midland City Council on Tuesday gave second approvals of the budgets and tax rates that keep up with the community’s growth while lowering the tax rate for the second-straight year.

The General Fund budget will increase this year to $176.339 million, which includes more than 55% to “set the standard for a safe and secure city” –  one of six strategic goals for the City of Midland. The proposed budget also calls for $25 million to another council goal to “strengthen and sustain infrastructure.”

More than half of the general fund increase is for cost-of-living adjustments and pay progression for City staff.

The tax rate – 34.8862 cents per $100 valuation – calls for a two-year reduction of “64 tax basis points” and means an annual property tax payment of $1,045.99 on a home valued at $300,000.

In 2024, the City of Midland’s tax payment was 23^% of the average total property tax bill (trailing Midland ISD by 36 percentage points).

Last year, the city trailed all mid-size cities in West Texas and most peer cities across the state. The City also shows a total tax bill in Midland that trails all peer cities, including Abilene, Amarillo, Lubbock, San Angelo and Odessa.