Bluegrass

City expected to adopt tax rate Sept. 16

by | Aug 28, 2024 | Latest

The city of Farmersville is expected to adopt a property tax rate for the fiscal year 2024-25 (FY25) at its Sept. 16 regular council meeting. The rate is lower than last year’s but will raise more tax revenue.

The proposed tax rate of $0.676773 per $100 of assessed value is a decrease from the previous year’s rate of $0.712400.

The proposed FY25 rate is comprised of 0.475137 from maintenance and operations (M&O) and $0.201636 for interest and sinking fund (I&S).

Public hearings on both the proposed tax rate and FY25

For more on this story see the August 29, 2024 print, or digital edition of The Farmersville Times. Subscribe today and support local journalism in your community.

Collin FP Summer/Fall 2026 registration

0 Comments

FISD Grad

Related News

City to vote on proposed budget, tax rate

City to vote on proposed budget, tax rate

Farmersville’s 2026-27 budget process is nearing its conclusion, with the City Council scheduled to hear public comment and vote on the proposed budget and property tax rate Sept. 8. Council will meet at 6 p.m. Tuesday in the Council Chambers at Farmersville City...

read more
TxDOT proposes widening Lake Lavon bridge 

TxDOT proposes widening Lake Lavon bridge 

TxDOT proposes widening the present two-lane bridge across Lake Lavon to a six-lane span with 10-foot mixed-use paths on each side. There is no present funding for the project.  Bob Wieland/C&S Media The Texas Department of Transportation is proposing a $230...

read more
Cops N’ Rodders revs up for Sept. 5

Cops N’ Rodders revs up for Sept. 5

A car enthusiast polishes his car prior to the start of the car show last year. This year’s show is slated for 12-4 p.m. Saturday on the downtown square. File art Classic cars, custom builds and hot rods will take over Farmersville’s historic red brick streets...

read more
Measles exposure in Collin County

Measles exposure in Collin County

Collin County Health Care Services has been notified that an individual who spent time in Collin County on Friday, Aug. 14, and Saturday, Aug. 15, has tested positive for measles. Officials say the individual visited three public venues while infectious: Turrentine...

read more
Trustees approve lower tax rate

Trustees approve lower tax rate

Farmersville ISD trustees Monday night unanimously approved a tax rate of $1.2131 per $100 valuation for the 2026-27 fiscal year, slightly lower than last year’s rate of $1.215. The new rate includes 71.36 cents for maintenance and operations and 49.95 cents for...

read more
Subscribe 300x250 - Love