Tax Rate Information

Texas Property Tax Code Section 26.16
City of Magnolia / Magnolia ISD / County of Montgomery

This table of tax rate information is provided as a service to the residents of the City. Each individual taxing unit is responsible for calculating the property tax rates listed in this table pertaining to that taxing unit and providing that information to the county.

The maintenance and operations rate is the component of the adopted tax rate of a taxing unit that will impose the amount of taxes needed to fund maintenance and operation expenditures of the unit for the following year.

The debt rate is the component of the adopted tax rate of a taxing unit that will impose the amount of taxes needed to fund the unit’s debt service for the following year.

The no-new revenue tax rate is the tax rate that would generate the same amount of revenue in the current tax year as was generated by a taxing unit’s adopted tax rate in the preceding tax year from property that is taxable in both the current tax year and the preceding tax year.

The no-new revenue maintenance and operations rate is the tax rate that would generate the same amount of revenue for maintenance and operations in the current tax year as was generated by a taxing unit’s maintenance and operations rate in the preceding tax year from property that is taxable in both the current tax year and the preceding tax year.

The voter-approval tax rate is the highest tax rate a taxing unit may adopt before requiring voter approval at an election. In the case of a taxing unit other than a school district, the voters by petition may require that a rollback election be held if the unit adopts a tax rate in excess of the unit’s rollback tax rate. In the case of a school district, an election will automatically be held if the district wishes to adopt a tax rate in excess of the district’s rollback tax rate.

SALES & USE TAX - Within City Limits of Magnolia only:

HOTEL/MOTEL OCCUPANCY TAX - City of Magnolia only:

• 2021 Notice of Meeting to Vote on Tax Rate
• 2020 Notice of Meeting to Vote on Tax Rate
• 2020 Truth in Taxation
• 2013 Truth in Taxation

• Tax Code Chapter 26. Assessment