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Proposed Property Tax Rate 2020

The City Council meet in it's regular monthly meeting on Tuesday, August 11th.  During the meeting the Proposed Tax Rate of 0.683985 per $100 value was approved.  Of that 0.456710 will go toward Maintenance and Operations and the remainder, 0.227275 will be put towards Debt.  
Based upon the valuations received from Mitchell County Appraisal District, the City has a taxable value of $146,012,676.00.  
If all taxes monies were received, the City would receive $998,703.00 in tax revenue.  Of this total, $331,849 goes towards Debt and the remainder, $666,854.00 goes towards maintenance and operations.

The official notice of the Proposed Tax Rate can be found here.