My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
04 - Adoption of the Property Tax Rate and Tax Levy
City-of-Paris
>
City Council
>
Agenda Packets
>
2023
>
09 - SEPTEMBER
>
September 12
>
04 - Adoption of the Property Tax Rate and Tax Levy
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
9/7/2023 10:26:28 AM
Creation date
9/7/2023 10:24:35 AM
Metadata
Fields
Template:
AGENDA
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
5
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
Item No. 4 <br />Memorandum <br />TO: Mayor, Mayor Pro -Tem & City Council <br />Grayson Path, City Manager <br />FROM: Gene Anderson, Finance Director <br />SUBJECT: ORDINANCE ADOPTING THE PROPERTY TAX RATE AND TAX LEVY <br />DATE: September 12, 2023 <br />BACKGROUND: Each year the City Council must adopt a property tax rate sufficient to fund the <br />city budget as adopted by the Council. The ordinance setting the tax rate also indicates the amounts <br />of budget appropriations resulting from levying the adopted property tax rate. <br />At the proposed tax rate, the average residential homestead valued at $134,066.00 will pay $640.59 <br />in city property taxes. <br />STATUS OF ISSUE: The City Council, having adopted the 2023-24 City budget, must now adopt <br />a property tax rate of .47782 per $100 of valuation (0.32176 O&M rate and 0.15606 I&S rate). <br />This rate should produce $8,030,000 for the General Fund and $3,781,948 for the Interest & <br />Sinking Funds from which debt payments are made. <br />BUDGET: N/A <br />RECOMMENDATION: Motion to approve an ordinance fixing the property tax rate, property tax <br />levy, and levying the ad valorem taxes for the City of Paris for fiscal year 2023-24. <br />
The URL can be used to link to this page
Your browser does not support the video tag.