Hays County, Central Texas Cities Receive Over $6.3 Million For October Sales Tax Reimbursements

Texas Comptroller Glenn Hegar announced yesterday he will send cities, counties, transit systems and special purpose taxing districts $735.9 million in local sales tax…


Texas Comptroller Glenn Hegar announced yesterday he will send cities, counties, transit systems and special purpose taxing districts $735.9 million in local sales tax allocations for October, , 11.4 percent more than in October 2017.

These allocations are based on sales made in August 2018 by businesses that report tax monthly.

Sales tax revenue supports a city or county’s programs and services and a substantial portion of sales tax dollars are generated by nonresidnets and tourists. Therefore, it represents a significant savings to local property taxpayers.

Sales taxes are a primary source of funds for many vital services ranging from police and fire protection, to parks, recreation, library, environmental services, planning and more.

The reliance on sales tax revenue requires vigilant monitoring of revenue sources to assure they will keep pace with the demands and rising costs while operating a large complex budgets.

Sales tax revenues represent 44.8% of San Marcos’ general fund budget and are the largest single revenue source supporting general government services in San Marcos yearly budgets.

You can review more on the San Marcos budget, spending and where your money goes below.

Local & County 2018 Monthly & Year To Date Totals

October 2018 Sales Tax Revenue

Local Central Texas Cities: $4,550,813.42 Million

Hays County: $1,763,733.90 Million

Combined Total: $6,314,547.32 Million
*These allocations are based on sales made in August by businesses that report tax monthly.

September 2018 Sales Tax Revenue

Local Central Texas Cities: $4,438,524.59 Million

Hays County: $1,749,878.52 Million

Combined Total: $6,188,403.11 Million
*These allocations are based on sales made in July by businesses that report tax monthly.

Hays County & Central Texas Municipalities Year To Date Sales Tax Revenue Totals

Local Central Texas Cities: $45,032,989.15 Million

Hays County: $17,587,751.52 Million

Countywide Combined Total: $62,620,740.67 Million

• Monthly Breakdown

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MONTHLY SALES TAX REIMBURSEMENTS — SEPTEMBER 2018

CITY RATE NET PAYMENT THIS PERIOD COMPARABLE PAYMENT PRIOR YEAR % CHANGE PAYMENT YTD PRIOR YEAR PAYMENT YTD % CHANGE
BUDA 1.50% $640,315.24 $497,183.43 28.78% $5,722,069.42 $4,975,836.84 14.99%
DRIPPING SPRINGS 1.25% $191,425.27 $153,345.88 24.83% $1,910,124.39 $1,679,684.07 13.71%
HAYS 1.00% $594.86 $521.32 14.10% $13,544.20 $9,739.89 39.05%
KYLE 1.50% $618,822.18 $556,683.52 11.16% $6,549,614.53 $6,001,553.71 9.13%
MOUNTAIN CITY 1.00% $1,031.77 $1,464.27 -29.53% $15,373.88 $12,460.59 23.38%
NEIDERWALD 1.00% $3,295.28 $3,060.46 7.67% $32,005.79 $29,424.71 8.77%
SAN MARCOS 1.50% $3,007,066.61  $2,380,302.83 26.33% $29,817,923.49 $22,945,317.96 29.95%
UHLAND 1.50% $16,736.58 $14,551.80 15.01% $176,412.94 $161,456.16 9.26%
WIMBERLEY 1.00% $67,400.41 $65,982.86 2.14% $752,315.71 $754,294.37 -0.26%
WOODCREEK 1.00% $4,125.22 $3,745.83 10.12% $43,604.80 $39,147.88 11.38%
HAYS COUNTY 0.50% $1,763,733.90 $1,499,801.75 17.59% $17,587,751.52 $14,520,098.02 21.12%

Interesting Stats & Facts

San Marcos Property Tax Rate

  • The City of San Marcos’ total outstanding debt as of August 31, 2016: $389,029,050 Million (does not include September 1, 2016 – June 7, 2018. Read more HERE);

 

  • City of San Marcos Property Tax Rate: Rate .6139 cents per $100 of property valuation (This was as of San Marcos’ Oct. 1 2018 budget. Read more HERE);

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Where does your local sales tax dollars go in San Marcos?

According to the San Marcos’ 2018 Final/Approved budget, the city collects one and one-half cents on every dollar spent on taxable goods and services within the City limits.

The State of Texas allows home rule cities like San Marcos to adopt a one-cent sales tax to support general governmental services.

Local voters authorized another half-cent in 1987 dedicated solely to the reduction of property taxes. The one and one half cents collected by the City represents the maximum they may adopt.

The half-cent sales tax alone is expected to generate $10,667,350 in the next fiscal year, a sum that is equivalent to 23.62 cents on the property tax rate.

Without the half-cent sales tax dedicated to property tax reduction, the city’s ad valorem tax rate would have to be 23.30 cents more, or 84.69 cents per $100 of assessed value, to support the programs and services provided to San Marcos residents.

San Marcos 10-Year Sales Tax Collection History

GRAPH 1

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San Marcos 10-Year Appraisal Roll History
GRAPH 2
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San Marcos Tax Payer Debt Repayment Schedule
GRAPH 3

 

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STATE LOCAL SALES TAX ALLOCATIONS – Oct. 2018
RECIPIENT Oct. 2018 ALLOCATIONS CHANGE FROM Oct. 2017 YEAR TO DATE CHANGE
CITIES $474.7M +10.3%
+8.2%
COUNTIES $159.7M +10.2% +7.2%
TRANSIT SYSTEMS $48.3M +16.6% +14.7%
SPECIAL PURPOSE TAXING DISTRICTS $53.2M +22.1% +18.7%
TOTAL $735.9M +11.4% +9.1%

Review Sales Tax Reimbursement Reports – Last 12 Months

 

 

 

 

 

 

 

 

 

 

 

Definitions

  • Net Payment This Period— The actual payment amount sent to the entity.
  • Comparable Payment Prior Year— The actual payment amount sent to the entity in the same month or quarter last year.
  • Percentage Change— The percentage change in the actual payment amount sent this month compared with the payment amount sent in the same month last year.
  • Payment YTD— The total amount of payments sent during the current calendar year to date.
  • Prior Year Payments to Date— The total amount of payments sent during the same period for the previous calendar year to date.
  • Prior-Year Payment YTD— The total amount of payments sent during the same period of the previous calendar year to date.
  • Percentage Change — The percentage change in the total amount of payments sent during the current calendar year to date compared with the amount of payments sent during the same period for the previous calendar year to date.

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