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Goliad City Council proposes tax rate
by Coy Slavik, Advance-Guard Editor
Aug 20, 2013 | 369 views | 0 0 comments | 17 17 recommendations | email to a friend | print
GOLIAD – The Goliad City Council unanimously proposed an effective tax rate for the 2014 fiscal year of 68.04 cents per $100 valuation during Tuesday night's meeting.

The rate is 1.9 percent lower than last year's effective rate of 69.96 cents. The effective tax rate is a calculated value that would bring in the same amount of revenue as the prior year ($432.312).

The lower rate is possible because of an increase of $1,741,950 in net taxable values. This year's net taxable value is $63,537,920. Last year's net taxable value was $61,795,970.

The rollback rate, which is the highest that a taxing entity can raise the tax rate without the possibility of a rate recall election is 73.49 cents. That rate would generate an additional $34,615 in revenues and would constitute a tax increase of eight percent.

More on this story coming to mySouTex.com.
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