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At the August 7, 2018, City Council meeting, the Council approved a motion to announce their intention to adopt a maximum property tax rate of $0.3666 per $100 valuation for the City’s 2018-2019 Fiscal Year, which is the same as the current tax rate. The Council may ultimately adopt a rate below the amount declared, but cannot adopt a rate that exceeds the maximum rate amount declared.
There will be two public hearings on the tax rate. They will be held at the August 21, 2018, and September 4, 2018, City Council meetings. The full notice is attached to this release.
For more information, contact the Finance Department at 936-291-5486.