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Groesbeck council adopts $0.5119 tax rate, apportioned for operations and debt service
Summary
The Groesbeck City Council on Sept. 17 adopted Ordinance No. 24-O-02 levying an ad valorem tax rate of $0.5119 per $100 of valuation (apportioned $0.4862 for the General Fund and $0.0257 for debt service); minutes describe the rate as "effectively a zero percent increase."
Groesbeck City Council voted Sept. 17 to adopt Ordinance No. 24-O-02 setting the city’s property tax rate for Tax Year 2024 at $0.5119 per $100 of assessed value. Council Member Kim Harris moved to adopt the ordinance, Warren Anglin seconded, and the motion carried with all recorded council votes in favor.
The ordinance apportions the total rate as $0.4862 for the General Fund and $0.0257 for debt service. The ordinance’s text, entered into the minutes, states taxes under the ordinance shall be due Oct. 1, 2024, and that taxes not paid on or before January, 2025 will be delinquent; the minutes do not specify an exact day in January.
During the motion to adopt, the rate was described in the motion language as "effectively a zero percent increase." The minutes list the council members recorded as voting for the ordinance: Kim Harris, Warren Anglin, Tamikia Jackson, Pamela Gonner and Marcus McGruder. The minutes do not show any recorded votes against or abstentions. The ordinance takes effect as provided by law.
