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Lone Oak council adopts 2024 property tax rate of $0.290223 per $100
Summary
At a special Sept. 10 meeting, the Lone Oak City Council opened and closed a public hearing on the proposed 2024 tax rate and approved Ordinance No. 205-2024 setting the rate at $0.290223 per $100 valuation; the motion passed 4-0 with one councilmember absent.
The Lone Oak City Council approved Ordinance No. 205-2024 on Sept. 10, adopting a property tax rate of $0.290223 per $100 valuation for the 2024 tax year. Mayor Pro-Tem Doug Williams moved to adopt the ordinance and Councilmember Barrow seconded; the motion was recorded as passing 4-0, with Councilmember Scott absent.
Mayor Steve Forgy opened a public hearing on the proposed rate at 6:42 p.m. "Mayor Forgy opened the Public Hearing at 6:42 p.m.," and closed it one minute later, after which the council voted. The meeting record states, "Motion passed 4-0." The city secretary certified a quorum at the start of the special meeting.
The ordinance approved was identified in the meeting minutes as Ordinance No. 205-2024, "Property Tax Rate for 2024 Year." The transcript lists the adopted rate as $0.290223 per $100 valuation; the minutes do not include a breakdown of how the rate affects average residential or commercial tax bills. The vote tally is given in the minutes as 4-0; the minutes do not list individual roll-call votes for each councilmember.
The special meeting convened and adjourned quickly: Mayor Forgy called the meeting at 6:42 p.m. and adjourned it at 6:43 p.m., according to the meeting minutes. No additional actions or follow-up tasks are recorded in the segment of the minutes provided.
