City Of River Oaks: City Council Adopts 2021 Tax Rate

Press release from the City of River Oaks:

September 10th, 2021

Following the Tax Rate Increase Public Hearing on August 31st, the City Council on Tuesday, September 7, 2021 adopted Ordinance # 1324-2021 setting the 2021 Tax Rate . THIS YEARS PROJECTED PROPERTY TAX REVENUE AT A 100% COLLECTION RATE INCLUDING TAX CEILINGS FROM PREVIOUS YEARS IS $2,750,940 BY ADOPTING THE TAX RATE OF $0.720874 per $100 OF VALUE. The Maintenance and Operations Proposed Rate is $0.695948/$100 and the debt rate is $0.024926/$100 that together equals the total tax rate of $0.720874 per $100 of property value. Both the maintenance and operations tax rate plus the debt rate together do not exceed $0.735557/$100, which is the highest rate allowed without triggering petition for election.

• Document 2021 Tax Rate Adoption Ordinance

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