A tax rate of 0.485419 per $100 valuation has been proposed by the governing body of City of El Lago. City Council will meet on October 7, 2020 at 7:00 PM to vote on this tax rate.
The no-new-revenue tax rate is the tax rate for the 2020 tax year that will raise the same amount of property tax revenue for City of El Lago from the same properties in both the 2019 tax year and the 2020 tax year.
The proposed tax rate is not greater than the no-new-revenue tax rate. This means that City of El Lago is not proposing to increase property taxes for the 2020 tax year.
Please click here for more details and a copy of the FY 2021 proposed budget and tax rate.