Property tax rates in City of Waco.
This notice concerns the 2025 property tax rates for City of Waco. This notice provides information about two tax rates used in adopting the current tax year's tax rate. The no-new-revenue tax rate would Impose the same amount of taxes as last year if you compare properties taxed in both years. In most cases, the voter-approval tax rate is the highest tax rate a taxing unit can adopt without holding an election. In each case, these rates are calculated by dividing the total amount of taxes by the current taxable value with adjustments as required by state law. The rates are given per $100 of property value.
| This year's no-new-revenue tax rate |
$0.740487/$100 |
| This year's voter-approval tax rate |
$0.830148/$100 |
To see the full calculations, please visit www.co.mclennan.tx.us/tax for a copy of the Tax Rate Calculation Worksheet.
Unencumbered Fund Balance
The following estimated balances will be left in the taxing unit's accounts at the end of the fiscal year. These balances are not encumbered by corresponding debt obligation.
| Type of Fund |
Balance |
| Maintenance & Operating |
79,482,395 |
| Interest & Sinking |
483,080 |
Current Year Debt Service
The following amounts are for long-term debts that are secured by property taxes. These amounts will be paid from upcoming property tax revenues (or additional sales tax revenues, if applicable).
| Description of Debt |
Principal or Contract Payment to be Paid from Property Taxes |
Interest to be Paid from Property Taxes |
Other Amounts to be Paid |
Total Payment |
| Cert of Obligation 2014 |
85,000 |
13,000 |
140 |
98,140 |
| Cert of Obligation 2015 |
85,000 |
18,031 |
120 |
103,151 |
| Cert of Obligation 2016 |
190,000 |
81,231 |
60 |
271,291 |
| Go Refunding 2016 |
260,000 |
19,050 |
150 |
279,200 |
| Cert of Obligation 2017 |
545,000 |
267,544 |
290 |
812,834 |
| Cert of Obligation 2018 |
520,000 |
297,575 |
280 |
817,855 |
| Cert of Obligation 2019 |
795,000 |
547,563 |
270 |
1,342,833 |
| Go Refunding 2019 |
650,000 |
178,800 |
380 |
829,180 |
| Cert of Obligation 2020 |
1,105,000 |
650,431 |
380 |
1,755,811 |
| Go Refunding 2021 |
170,000 |
39,400 |
120 |
209,520 |
| Cert of Obligation 2021A |
1,130,000 |
559,344 |
320 |
1,689,664 |
| Go Refunding 2022 |
100,000 |
43,350 |
80 |
143,430 |
| Cert of Obligation 2022A |
0 |
1,967,100 |
280 |
1,967,380 |
| Cert of Obligation 2023A |
0 |
2,578,850 |
310 |
2,579,160 |
| Cert of Obligation 2024A |
1,970,000 |
2,402,888 |
310 |
4,373,198 |
| Cert of Obligation 2024B taxable |
70,000 |
264,214 |
375 |
334,589 |
| GO Refunding 2024 |
4,695,000 |
371,625 |
375 |
5,067,000 |
| Cert of Obligation, 2025A |
150,000 |
2,722,664 |
375 |
2,884,039 |
| Cert of Obligation, 2025A-TIF1 Por |
0 |
614,033 |
375 |
614,408 |
| Total required for 2025 debt service |
$26,172,683 |
| - Amount (if any) paid from funds listed in unencumbered funds |
$0 |
| - Amount (if any) paid from other resources |
$0 |
| - Excess collection last year |
$0 |
| = Total to be paid from taxes in 2025 |
$26,172,683 |
| + Amount added in anticipation that the unit will collect only 100.00% of its taxes in 2025 |
$534,136 |
| = Total debt levy |
$26,706,819 |
This notice contains a summary of actual no-new-revenue and voter-approval calculations as certified by Randy H. Riggs, Tax Assessor on 08/11/2025 .
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 about proposed tax rates and scheduled public hearings of each entity that taxes your property.
The 86th Texas Legislature modified the manner in which the voter-approval tax rate is calculated to limit the rate of growth of property taxes in the state.