Horseshoe Bay council sets hearings on 2019/20 tax rate

From staff reports

Horseshoe Bay City Council will hold two public hearings on a proposed not to exceed tax rate of 29 cents per $100 valuation, which exceeds both the effective and rollback tax rate for 2019.

The first public hearing will be held at 3 p.m. Tuesday, Aug. 27, while the second will be at 9 a.m. Tuesday, Sept. 3. Both will be held at City Hall, 1 Community Drive, Horseshoe Bay.

The proposed tax rate is 2.298 cents higher than last year's tax rate of 26.702 cents per $100 valuation. The effective tax rate, which is the total tax rate needed to raise the same amount of property tax revenue for City of Horseshoe Bay from the same properties in both the 2018 tax year and the 2019 tax year, is 25.507 cents. . . .

Find the rest of this story in the Tuesday, Aug. 20 issue of The Highlander, the newspaper of record for the Highland Lakes. To offer a comment or news tip, email lew@highlandernews.com. To subscribe to the publication, call 830-693-4367.