The City of Alice council voted Sept. 5 to set the property tax rate for the fiscal year beginning Oct. 1, 2025, at 0.615706 per $100 of assessed value.
Council recorded the split of the total rate as 0.378070 for maintenance and operations and 0.237636 for interest and sinking. City staff presented the numbers as part of the ordinance to set the tax rate and recommended including the rate in the motion to adopt the budget.
"So the tax rate would be 0.615706 per 100, with the split being 0.37807 for the maintenance and operations and 0.237636 for the interest in sinking fund," said Unidentified Speaker 5, city staff. Council moved, seconded and took a record vote; the motion passed, and the tax rate ordinance was adopted.
The city clerk recorded the vote during the meeting; the ordinance sets the rate for the fiscal year beginning Oct. 1, 2025.