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NOTICE OF ADOPTED 2020 TAX RATE

The City of Stephenville ADOPTED A TAX RATE THAT WILL RAISE MORE TAXES FOR MAINTENANCE AND OPERATIONS THAN LAST YEAR’S TAX RATE.

On September 15, 2020, the City Council of the City of Stephenville, Texas adopted the tax rate of $0.4550 per $100.00 valuation for the tax year 2020

$ 0.4368               for the purpose of maintenance and operation.

$ 0.0182               for the payment of principal and interest on bonds

$ 0.4550               Total Tax Rate

THIS TAX RATE WILL RAISE MORE TAXES FOR MAINTENANCE AND OPERATIONS THAN LAST YEAR’S TAX RATE.

THE TAX RATE WILL EFFECTIVELY BE RAISED BY 5.23 PERCENT AND WILL RAISE TAXES FOR MAINTENANCE AND OPERATIONS ON A $100,000 HOME BY APPROXIMATELY $-14.40.