Amarillo's property tax rate and the no-new-revenue rate

Every year, the county tax offices calculate a "no-new-revenue" rate for the City of Amarillo: the rate that would collect about the same property tax from the same properties as the year before.

In each of the last 12 years, the council adopted a higher rate.

Most years the gap was a few percent. In 2021 it was 14.0%, after voters had rejected an even higher rate at an election. In 2025 it was 15.3%, the largest in 12 years. In 2021, 2024 and 2025 the council adopted the voter-approval rate itself, the highest it can set without sending the rate to an election.

Meanwhile, taxable value in the city nearly doubled, from $11.54 billion to $22.45 billion. The City's levy went from $39.2 million to $72.2 million. That's how a tax bill can climb even in a year the rate goes down: the rate is only half of it.

The tax-rate hearings are the one point each year where residents get to weigh in before the rate is set. They're usually held in August and September.

All 12 years, rate by rate: amarilloledger.com/revenue