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Weatherford accepts truth‑in‑taxation notice; proposed rate to be presented Aug. 27
Summary
City staff presented calculated tax‑setting rates (no‑new‑revenue 39.842¢ and voter‑approval 50.478¢ per $100); council accepted the notice of publication and will formally propose a rate Aug. 27 with a public hearing Sept. 10.
At the Aug. 13 meeting, Dawn Brooks presented the notice of publication required under the truth‑in‑taxation process and reviewed the calculated tax rates for 2024. "The no new revenue rate is 39.842¢ per $100 of taxable value," Brooks said, and she noted the voter approval rate is 50.478¢ per $100.
Brooks told council the FY25 budget was built using the no‑new‑revenue rate and explained the calendar for next steps: staff will formally propose a tax rate at the Aug. 27 meeting and the city will hold a public hearing on Sept. 10 before adopting the budget and tax rate. She also provided an estimated tax liability for the average home: $1,089.83 at the no‑new‑revenue rate and $1,380.77 at the voter‑approval rate.
Councilmember Matt Tiscus moved to accept the notice of publication; Zach Smith seconded and the council voted to accept the notice. The acceptance was procedural and does not set the final tax rate.
