This Ordinance sets the ad valorem tax rate for 2021-22 at $0.4465 cents per $100 assessed valuation, to be distributed as follows:
$0.3330 for Operation & Maintenance
$0.1135 for General Obligation Debt
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$0.4465 Total Tax Rate
THIS TAX RATE WILL RAISE MORE TAXES FOR MAINTENANCE AND OPERATIONS THAN LAST YEAR’S TAX RATE. THE TAX RATE WILL EFFECTIVELY BE RAISED BY (1.05%) AND WILL RAISE TAXES FOR MAINTENANCE AND OPERATIONS ON A $100,000 HOME BY APPROXIMATELY ($2.80).
THIS TAX RATE IS EQUAL TO THE NO-NEW-REVENUE TAX RATE OF $0.4465.