The City levies ad valorem (property) taxes on land, buildings, and some business personal property within the City limits. This tax is used for two primary purposes:
- First, a portion of ad valorem taxes is dedicated to the debt service on general obligation debt. This type of debt is issued to build large capital and infrastructure projects, such as fire stations, streets, and parks.
- Second, the remainder of ad valorem taxes is used to fund general municipal operations, such as police, fire, streets, parks, library, and administration.
Ad valorem taxes are levied based on taxable values as of January of each year. Taxes are billed in October of that same year, and become delinquent February 1st of the next year.
The current tax rate is $0.6598, consisting of $0.1110
for debt service and $0.5488 for operations. The total rate has not been increased since 2004, and has actually decreased 8 cents since then. More information about the tax rate including historical rates and levies can be found in the Tax section of the budget document. Click here to view budget document.
The City levies a 1.50% sales and use tax on taxable transactions within the City limits. The total combined sales tax rate for Belton is 8.25%, consisting of:
- 6.25% State of Texas
- 0.50% Bell County
- 1.00% City of Belton - general government purposes
- 0.50% City of Belton - economic development purposes
More detail on sales tax and Belton's historical sales tax collections can be found on the State Comptroller's website .