Page 97 - City of McAllen - Approved Annual Budget Book FY 24-25
P. 97
Adopted Budget 2025 City of McAllen, Texas
Ad Valorem Tax
Legal Debt Limit vs Current Debt Service Requirements
LEGAL DEBT LIMIT
Taxable Assessed Values plus Properties Under Protest of Non-Freeze Properties for FY 2024-2025 $ 14,878,284,212
Maximum Ad Valorem Tax Rate per $100 2�50
Total Maximum Ad Valorem Tax Levy $ 371,957,105
YEAR LEVY
Certified Taxable Value $ 14,878,284,212
Taxable Assessed Values of Freezed Property for FY 2024-2025 (1,654,063,085)
Taxable Assessed Values for FY 2024-2025 13,224,221,127
Properties Under Protest for FY 2024-2025 190,377,029
Taxable Assessed Values (Including Properties Under Protest) for FY 2024-2025 13,414,598,156
FY 2024-2025 Ad Valorem Tax Rate per $100 0�449989
Ad Valorem Tax Levy 60,364,216
Ad Valorem Tax Levy on Freezed Properties 7,443,102
Total FY 2024-2025 Ad Valorem Tax Levy $ 67,807,318
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