Page 12 - CityofBurlesonFY25AdoptedBudget

the over-65 freeze and disabled veteran exemptions from the previous tax roll.

Property Values

Certified property valuations increased by $305,773,158 (5.94%) for FY 2024-2025. Property
values increased from $5,144,004,660 to $5,449,777,686. Of the increase, $189,895,607, or
3.69%, resulted from new construction, compared with $225,352,515 last year. New value added
to the tax roll will continue to be primarily from residential growth, however, commercial growth
continues to expand at a strong rate.

Property Tax Rate

The proposed FY 2024-2025 budget is proposing a property tax rate of $0.6627 per $100 of
taxable assessed valuation. The total tax rate is divided between general fund maintenance and
operations and the debt service fund. Of the total tax rate, $0.4704 cents is dedicated to general

fund maintenance and operations, and $0.1923 is dedicated to general obligation debt service.
The portion of the tax rate dedicated to maintenance and operations comprises 47.02% of the
proposed revenue in the general fund. The portion of the tax rate dedicated to debt service is
approximately 29.01% of the overall city tax rate. The city continues to maintain a level below a
reasonable debt management policy limit of 35% of the overall city tax rate.
The average taxable single-family home value for the 2024 tax year is $299,889 in Johnson
County. This reflects an increase of $16,923 or 5.98% in Johnson County from the previous year.
At the proposed tax rate of $0.6627, the municipal taxes paid on the average single-family home
will be $1,987.

Sales Tax

The city of Burleson levies a 1.00% tax on all taxable items sold within its borders (the 4A
corporation’s 0.50% tax and the 4B corporation’s 0.50% are in addition to the city’s tax). In total,
the city of Burleson and the associated corporations levy a 2% sales tax. Overall, the proposed
budget includes $30,575,376 in sales tax revenues, compared to $30,376,557 in the FY 2023-2024
budget. This is largely attributable to the continuing retail and commercial development growth
in Burleson. The one percent sales and use tax reported to the general fund comprises 24.21%
of revenue in the proposed budget. See the Economic Development section below, which

reflects significant retail developments and projections. The proposed budget reflects a
conservative sales tax estimate of 3% growth from the current year projection. Due to current
economic conditions and our conservative approach, we have not projected significant sales tax
from new retail establishments.

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