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Council decreases city tax rate by seven cents

by | Aug 18, 2016 | Latest

For the first time in quite a while, Farmersville residents are receiving a lower tax rate from the city of Farmersville.

In the Aug. 9 city council meeting, councilmembers approved to set the proposed tax rate for the Fiscal Year 2016-’17 at 78 cents per $100 evaluation, almost seven cents lower than last year’s tax rate of 86 cents.

With this rate, the average citizen with a home of $120,000 in the city of Farmersville will pay $945.07.

By Wyndi Veigel • News Editor • [email protected]

For the complete story see the Aug. 18 edition of The Farmersville Times or click here for the e-Edition.

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