Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Property Tax topic
No spam. Unsubscribe anytime.
Burton council sets no-new-revenue tax rate, schedules Sept. 10 public hearing
Summary
Burton City Council approved a proposed no-new-revenue property tax rate of 0.297267 per $100 valuation and set a public hearing for Sept. 10, 2024; the rate preserves the city's current revenue level, officials said.
Burton City Council voted on Aug. 13 to approve the proposed no-new-revenue property tax rate for 2024 and set a public hearing for 5:30 p.m. on Sept. 10, 2024.
City Secretary Angela Harrington explained that the "No New Revenue Rate generates the same revenue as the last rate." Councilmember Macey Tidwell moved for approval, seconded by Councilmember Paul McLaughlin; the record shows the motion passed. The ordinance sets the aggregate rate at 0.297267 per $100 valuation, broken into a maintenance and operations component of 0.045349 and interest and sinking of 0.251918.
The action preserves the city's current tax yield rather than increasing revenue. The hearing on Sept. 10 will allow residents to comment before the council adopts a final rate.
