Financial / Accounting
The City of Palacios understands the need for financial accountability and strives to meet goals of good stewardship, transparent government, and open communication. Our commitment to the citizens of Palacios is to manage the City’s resources in an efficient, effective, and responsible manner while maintaining transparency, open communication, and excellent stewardship of public funds.
Our mission is to efficiently manage the City’s fiscal resources to ensure the proper safeguarding and preservation of City assets and to maximize the quality and quantity of services our government provides to our citizens. The Finance Department strives to exceed the Citizen’s expectations by ensuring the collection, investment and disbursement of all City funds are adequately managed and accounted for in accordance with guidelines established by City policies and procedures, State laws, and Generally Accepted Accounting Principles.
Financial Transparency is defined as the state in which all relevant information is fully and freely available to the public.
Current Tax Rates
Property Tax (per $100 taxable value)
Maintenance & Operation: 0.77166
Interest & Sinking: 0.0396
Total Tax: 0.81126
State of Texas: 6.25%
City of Palacios: 2%
Total Tax: 8.25%
Hotel Occupancy Tax
State of Texas: 6%
City of Palacios: 7%
Total Tax: 13%
2021 General Obligation Debt Report
Comprehensive Annual Financial Reports
Fiscal Year 2022 (through 3-29-22)
Debt Service Requirements
Outstanding Debt Service
If you need to view or obtain copies of public information, complete the Public Information Request Form and submit it to the attention of the City Secretary using one of the following methods:
- In-person: Palacios City Hall – 311 Henderson, Palacios, TX 77465
- Mail: Palacios City Hall – PO Box 845, Palacios, TX 77465
- Fax: 361-972-6555
- Email: email@example.com
Visit the Comptroller’s website at www.texastransparency.org for more information on financial transparency.