Finance Department


In accordance with accounting and fiscal policies, the primary responsibilities of the Finance Department include:
  • Accounts Payable
  • Annual Budget
  • Annual Financial Audit Preparation
  • Cash and Investments Management
  • Collection of Hotel / Motel Occupancy Tax
  • Financial Reporting
  • Payroll
  • Utility Billing and Cash Collections
For the last 13 consecutive fiscal years, the Finance Department has earned the “Certificate of Achievement for Excellence in Financial Reporting,” representing the highest standards in government accounting and financial reporting. The Finance Department has also earned the Distinguished Budget Presentation Award for the last 11 consecutive fiscal years.

Budget - FY 2018/2019

Name of Fund
General Fund
Water / Wastewater Fund
Economic Development Fund $2,975,785
Debt Service Fund $3,678,060
Special Revenue Funds $8,171,211
 Capital Projects Fund $10,255,460
Total $42,089,232

Property in Burnet County is appraised at market value by the Burnet Central Appraisal District. The City of Marble Falls, Burnet County and the Marble Falls Independent School District exempt inventories held for under 175 days and exported from the State of Texas. This “Triple Freeport” exemption applies to all locations and industrial parks in the City of Marble Falls.

2018 Property Tax Rates (per $100 assessed value)

City of Marble Falls*
*Interest and Sinking Fund
*Maintenance and Operations
Burnet County
Burnet County Special
Central Texas Groundwater
Marble Falls ISD
Total Rate

Sales Tax Exemptions
  • Groceries
  • Prescriptions
Corporate of Personal Income Tax
None in Texas

State Franchise Tax
  • 4.5% / 2.5% per $1000 net taxable income / taxable capital
  • Texas has no corporate or personal income tax.
Sales Tax
City Sales Tax
State Sales Tax
Total Rate

Principal Taxpayers (Fiscal Year Ending September 30, 2017)

Assessed Valuation (1)
Percentage of Assessed Value
HTA-Marble Falls MOB LLC
Hospital $14,616,860 2.012%
Huber JM Corp.
Stone Quarry $13,193,298 1.816%
Wal-Mart Stores, Inc. 01-0781 Discount Retailer $9,919,467 1.366%
Worldmark the Club
Hospitality $9,000,000 1.239%
L Dor V Dor LLC
Retail $6,864,973 0.733%
Lowe's Home Centers, Inc. Home Improvement $6,096,009 0.839%
Johnson-Sewell Family Partnership Auto Dealership $5,844,233 0.805%
Johnson, Ross H. Auto Dealership $5,391,529 0.742%
Wal-Mart Stores East LP
Discount Retailer $5,327,606 0.733%
 Panhandle Hospitality LTD Hospitality $4,974,145 0.685%
(1)  Source:  Burnet County Appraisal District