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Ennis Daily News

City holds line on tax rate

Nick Todaro, nick@ennisdailynews.com

City property owners shouldn’t see a tax rate increase for 2011-2012 in Ennis, but if appraisal values have increased, they could end up paying more taxes on their individual property.

The first record vote on the proposed $0.695 per $100 of property tax rate is set for Monday. As part of the city’s overall budget plan of roughly $24.4 million, the tax rate is expected to generate increased property tax revenue on tax base growth of around $32 million over last year’s $1.307 billion appraisal. This year, property values citywide after exemptions were appraised at $1.339 billion in mid-July.

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Posted by on Jul 30 2011. Filed under City news, News. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

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