City Council filed the FY 24-25 Annual Budget with the City Secretary on August 15, 2024.  

Public Hearing for Budget & Tax Rate, Adopt Budget and Proposed Tax Rate is September 5th, 2024 at 6 PM 

City Council Vote to Ratify Tax Rate is September 19th, 2024 at 6 PM

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

FY 24-25 Calculated Rates

No New Revenue Total Tax Rate: .4779

Voter Approval Total Tax Rate:     .5018

Di minimis Total Tax Rate:  .5858

No New Revenue M&O Rate:  .4073

Voter Approval M&O Rate:      . 4215

Interest & Sinking Rate:            .0803

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 $249,660, which is a 10.87% 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 $210,675.

Click Here to view required Notice on Property Tax Rate.

Notice of Calculated Tax Rates

Original Filed Budget FY 24-25

Budget and Tax Rate Briefing presented 8.15.2024

Revised Budget Approved and Proposed Tax Rate 9.7.2024