Based upon the valuations received from Mitchell County Appraisal District, the City has a taxable value of $145,378,451.00.
If all taxes monies were received, the City would receive $987,246.16 in tax revenue. Of this total, $311,000 goes towards Debt and the remainder, $676,246.76 goes towards maintenance and operations.
The City's largest department, the Police Department, annual operating budget for FY19-20 is $871,320.00. This leaves a gap of $195,073.24 not cover by tax money.
The official notice of the tax rate can be found here.