BY GLYNIS CRAWFORD SMITH
THE HIGHLANDER
The Marble Falls City Council on Tuesday, Sept. 2, voted to hold the line on the ad valorem tax rate.
They voted to maintain a rate of $0.6483 or 64.83 cents per $100,000 valuation.
“This proposal keeps the rate just under the effective rate,” said Finance Director Margie Cardenas. “That would have been .6485. The roll back rate would have been .6656. This will be our fifth year in a row to maintain the same tax rate. And, as you are adopting the same rate, two hearings are not required.
“Taxpayers will see no increase unless they have an increase in valuation.”
Cardenas noted that tax payers within the freeze category--65 years of age or older or handicapped--has continued to increase. Nonetheless, the total revenue expected from property taxes is $4,361,498.