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Fair Oaks Ranch sets 2025 maximum tax rate at $0.2853, schedules budget hearing for Sept. 15
Summary
Council authorized a maximum ad valorem tax rate of 0.2853 per $100 valuation for fiscal year 2025–26 and set the public hearing on the proposed budget and tax rate for Sept. 15, 2025.
Fair Oaks Ranch City Council on Aug. 7 adopted a resolution establishing the maximum tax rate the council will consider for fiscal year 2025–26 and scheduled the public hearing and first reading dates for the budget process.
Summer Fleming, director of finance, told the council that certified taxable value for 2025 is $2,800,000,000, up 5.3% from 2024, and that the calculated no-new-revenue rate is 0.27524 per…
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