A tax rate of $.7877 per $100 valuation has been proposed by the governing body of the City of Abilene.
|PROPOSED TAX RATE||$.7877 per $100|
|NO-NEW-REVENUE TAX RATE|| $.7642 per $100|
|VOTER-APPROVAL TAX RATE|| $.8210 per $100|
The no-new-revenue tax rate is the tax rate for the 2020 tax year that will raise the same amount of property tax revenue for the City of Abilene from the same properties in both the 2019 tax year and the 2020 tax year.
The voter-approval rate is the highest tax rate that the City of Abilene may adopt without holding an election to seek voter approval of the rate.
The proposed tax rate is greater than the no-new-revenue tax rate. This means that the City of Abilene is proposing to increase property taxes for the 2020 tax year.
A PUBLIC HEARING ON THE PROPOSED TAX RATE WILL BE HELD ON August 13, 2020 at 8:30 a.m. at the Abilene City Hall Council Chambers, 555 Walnut Street.
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