City officials in Lubbock have established a ceiling for property taxes. Council members approved this maximum rate recently. The decision is part of the city's budget preparation process, which occurs annually.

Further details about the budget are being reviewed by the council. The city manager has presented proposals to the council, and now it's up to them to decide on priorities. A maximum property tax rate has been set at a specific amount per $100 valuation, which cannot be exceeded when the final rate is adopted.