Coppell City Council Approves Reduction To Proposed Tax Rate

From City of Coppell:

The Coppell City Council is working diligently to ensure that Coppell maintains its high-quality services while also keeping residents' pocketbooks in mind. At the August 25 meeting, Council voted to publish an updated proposed tax rate for Fiscal Year 2020-2021. The proposed tax rate, $0.05800 per $100 valuation, is a decrease from the current rate, $0.058400. Council will hold a public hearing to allow residents to offer feedback on the proposed budget and tax rate at the September 8 City Council meeting. Then, Council will consider the proposed budget and tax rate for approval at a Special Called City Council meeting on September 15.

"Based on feedback from the citizens, it has been very clear that we have been living in a very special place. This Council does not make decision for the short term. We make decisions for the benefit of the citizens of the city of Coppell," said Councilmember Wes Mays. "It's unbelievable that we're able to present a budget to the citizens of Coppell that includes a tax rate decrease."

Due to coronavirus-related delays, the City of Coppell did not receive certified property values – which are used to calculate the City's proposed tax rate – from the appraisal district until August 20. As a result, the City of Coppell published a proposed budget and tax rate of 0.058400 based on certified estimated property values on August 5, as mandated by City Charter. Once certified values were made available, City staff was able to adjust the proposed budget to include a decrease to the proposed tax rate.

"We're thankful for the thoughtful and proactive planning that the Council and staff completed during their budget efforts to date that placed our community in a strong position to be flexible and agile," said City Manager Mike Land. "Because of Council's dedication and staff's hard work, we have been able to adapt to our current climate and continue to serve the residents and businesses of Coppell. Council's conservative approach over the years has allowed us to not only maintain our high level of service, but also propose a decrease to the tax rate."

View the infographic.

For more information or to review the proposed budget, visit coppelltx.gov/budget.

This press release was produced by City of Coppell. The views expressed here are the author’s own.