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Financial Transparency

Texas cities can levy both local property and sales taxes to fund police and fire departments, hospitals, libraries, parks, utilities, economic development and other public services.  The City of Nolanville is seeking to exceed standards set by the Transparency Stars Program administered by the Texas State Comptrollers Office.

Budget and Tax Rate Increase 

FISCAL YEAR OCTOBER 1, 2019 – SEPTEMBER 30, 2020

APPROVED

September 19, 2019

THE MAYOR AND CITY COUNCIL

Recorded Vote

Andy Williams         No Vote Required

Butch Reis                X (aye)      (nay) to ___ (abstention)

Joan Hinshaw           X (aye)      (nay) to ___ (abstention)

George French III     X (aye)      (nay) to ___ (abstention)

David Williams        X (aye)       (nay) to ___ (abstention)

James Bilberry         X (aye)       (nay) to ___ (abstention)

Adopted FY 19-20 Property Tax Rates

Maintenance & Operations Tax Rate: $0.4036

Debt Rate (Interest & Sinking Fund): $0.1120

Total Adopted Property Tax Rate: $0.5156

This budget will raise more total property taxes than last year's budget by $102,976.57, 6.506920%, and of that amount $51,990.23 is tax revenue to be raised from new property added to the tax roll this year.

 

 

NOTICE OF 2019 TAX YEAR 

PROPERTY TAX RATE FOR

CITY OF NOLANVILLE

A tax rate of $0.515600 per $100 valuation approved by the governing body of CITY OF NOLANVILLE. This rate exceeds the lower of the effective or rollback tax rate, and state law requires that two public hearings be held by the governing body before adopting the proposed tax rate.

The governing body of CITY OF NOLANVILLE proposes to use revenue attributable to the tax rate increase for the purpose of MAINTENANCE AND OPERATION .

  • PROPOSED TAX RATE $0.515600 per $100
  • PRECEDING YEAR'S TAX RATE $0.526500 per $100
  • EFFECTIVE TAX RATE$0.484100 per $100
  • ROLLBACK TAX RATE $0.515700 per $100

The effective tax rate is the total tax rate needed to raise the same amount of property tax revenue for CITY OF NOLANVILLE from the same properties in both the 2018 tax year and the 2019 tax year.

The rollback tax rate is the highest tax rate that CITY OF NOLANVILLE may adopt before voters are entitled to petition for an election to limit the rate that may be approved to the rollback rate.

YOUR TAXES OWED UNDER ANY OF THE ABOVE RATES CAN BE CALCULATED AS FOLLOWS:

property tax amount = (rate) x (taxable value of your property) / 100

For assistance or detailed information about tax calculations, please contact:

Billy White
Tax Appraisal District of Bell County, Chief Appraiser
411 E Central, Belton, TX
254-939-5841
Billy.White@Bellcad.org
www.bellcad.org

Proposed Budget

Notice
of Tax Revenue Increase

The CITY OF NOLANVILLE conducted public hearings on August 15, 2019 and
September 5, 2019 on a proposal to increase the total tax revenues of the
CITY OF NOLANVILLE from properties on the tax roll in the preceding year by
6.506920 percent.

The total tax revenue raised last year at last year's tax rate of 0.526500 for each
$100 of taxable value was $1,220,794.76.

The total tax revenue proposed to be raised this year at the proposed tax rate of
0.515600 for each $100 of taxable value, excluding tax revenue to be raised from
new property added to the tax roll this year, is $1,271,781.10.

The total tax revenue proposed to be raised this year at the proposed tax rate of
0.515600 for each $100 of taxable value, including tax revenue to be raised from
new property added to the tax roll this year, is $1,323,771.33.

State of the City Presentation Link

Copyright © 2016 City of Nolanville, Texas.

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