When the Marble Falls City Council meets at 6 p.m. tonight, Aug. 1, tax rate hearing is on the agenda.
As budget workshops have progressed and priorities have been set, the Burnet Central Appraisal District has reported a Marble Falls property market value of $1,089,763,048, with a taxable value of $815,061,90, adjusted to a certified tax roll of $726,407, 494--an eight percent increase over last year.
Finance Director Margie Cardenas and city staff are proposing the council adopt the effective tax rate for Fiscal Year 2017/2018. That is the rate that would generate the same amount of taxes on properties that were on the tax roll last year and on the current tax roll.
The tentative tax rates being considered are:
Effective tax of .6341 per $100 valuation
Rollback tax rate of .6780 per $100 valuation
Current tax rate of .6483 per $100 valuation
