City Council filed the FY 23-24 Annual Budget with the City Secretary on June 15, 2023.  

Public Hearing for Budget & Tax Rate, Adopt Budget and Proposed Tax Rate is September 7, 2023 at 6 PM 

City Council Vote to Ratify Tax Rate is September 21, 2023 at 6 PM

Meeting location is Nolanville City Hall, 101 North 5th Street, Nolanville Texas  76559

FY 23-24 Calculated Rates

No New Revenue Total Tax Rate: .3815

Voter Approval Total Tax Rate:     .3990

Di minimis Total Tax Rate:  .4979

No New Revenue M&O Rate:  .3043

Voter Approval M&O Rate:      . 3149

Interest & Sinking Rate:            .0841

Maintenance & Operations (M&O) Tax Rate is the tax rate that is needed to raise the same amount of taxes that the taxing unit levied in the prior year plus the applicable percentage by law.  The rate accounts for such things as salaries, utilities and day-to-day operations.

Interest & Sinking (I&S) pays debt service for Capital Improvements.

This budget will raise more revenue from property taxes than last year's budget by an amount of $606,687, which is a 30.5% percent increase from last year's budget.  The property tax revenue to be raised from new property added to the tax roll this year is $177,375.

Click Here to view required Notice on Property Tax Rate.

Notice of Calculated Tax Rates

Original Filed Budget FY 23-24

Budget and Tax Rate Briefing presented 9.7.2023

Revised Budget Approved and Proposed Tax Rate 9.7.2024