The Finance Department represents the overall financial management of the City of White Settlement. Functions that fall under the Finance Department include purchasing, payroll, accounts payable/accounts receivable, investments, budgeting, audit, and utility billing. The Finance Department is the central financial record keeper for the City. It prepares monthly financial statements, handles accounts payable and receivables, reconciles bank statements, monitors cash flows and approved investments, furnishes data and financial information for the Economic Development Corporation, Crime Control and Prevention District and all city departments and the City’s annual audit.
Explanation for the 2016-2017 Tax Rate
The City Council met on September 13, 2016 and proposed to pass a tax rate that will not exceed the lower of the Rollback Rate ($0.755693). The Debt Rate which covers the Interest and Principal on bonds and other debt secured by property tax revenues, has decreased by $0.001187 cents per $100 valuation. The Maintenance and Operation Rate which covers the funds needed to maintain and operate the services and departments of the City increased .023777 cents per $100 valuation.
September 13, 2016, the City Council approved the Tax Rate of $0.755693 per $100 valuation to fund the 2016-2017 Budget. With this tax rate, taxes on a $100,000 home will increase approximately $23.77/year or $1.98/month. Your individual taxes may increase at a greater or lesser rate, or even decrease, depending on the change in the taxable value of your property in relation to the change in taxable value of all other property and the adopted tax rate.
The City of White Settlement is currently holding property valued at less than $100 that is presumed abandoned or unclaimed subject to Chapter 76 of the Texas Property Code. Unclaimed property consists of uncashed checks for items such as water refunds, vendor payments, payroll checks, and other refunds. You may have unclaimed property if your name or business name appears on the Unclaimed Property List.
Any person possessing a legal or beneficial interest in an item found on the Unclaimed Property List must submit an Unclaimed Property-Claim Form in order to establish proof of ownership.
If you think you might have unclaimed property valued over $100, please contact the State of Texas Comptroller’s office Unclaimed Property division at
1-800-654-FIND (3463) or www.ClaimItTexas.org.