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File #: 19-3254    Version: 1 Name: Ordinance - Third and Final Reading of an Ordinance Levying the Ad Valorem Taxes for Fiscal Year 2020 at a Rate of $0.71000 per One Hundred Dollars ($100) Assessed Valuation on all Taxable Property
Type: Ordinance Status: Passed
File created: 8/29/2019 In control: City Council
On agenda: 9/11/2019 Final action: 9/11/2019
Title: Ordinance - Third and Final Reading of an Ordinance Levying the Ad Valorem Taxes for Fiscal Year 2020 at a Rate of $0.71000 per One Hundred Dollars ($100) Assessed Valuation on all Taxable Property
Sponsors: Clayton Chandler, Peter Phillis, Gary Cardinale
Attachments: 1. Ordinance

Title

Ordinance - Third and Final Reading of an Ordinance Levying the Ad Valorem Taxes for Fiscal Year 2020 at a Rate of $0.71000 per One Hundred Dollars ($100) Assessed Valuation on all Taxable Property

Requested Action

Attached is the 2019-2020 Ordinance setting the tax rate at $0.71000.  The City of Mansfield has conducted two public hearings and published a proposed tax rate of $0.71000.

Recommendation

Adopt the Ordinance setting the tax rate at $0.71 for fiscal year 2020.

Description/History

Historically, the tax rate has been adopted to provide general city services as follows:

 

FY2019     $0.71

FY2018     $0.71

FY2017     $0.71

FY2016     $0.71

FY2015     $0.71

FY2014     $0.71

FY2013     $0.71

FY2012     $0.71

FY2011     $0.71

FY2010     $0.71

FY2009     $0.71

 

Justification

Provide for the annual service program for the City of Mansfield, Texas.

Funding Source

Citizens of Mansfield

Prepared By

Peter K. Phillis, CPA, Deputy City Manager

817-276-4261