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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.

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