ADOPTED 2020-2021 FISCAL YEAR BUDGET AND TAX RATE
This budget will raise more revenue from property taxes than last year's budget by an amount of $245,051, which is a 0.91 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 $1,699,213.
Town of Little Elm Adopted Rate:
Tax Rate | Adopted FY 2019-2020 | Adopted FY 2020-2021 |
Property Tax Rate | $0.649900 | $0.649702
|
No-New-Revenue Rate | $0.630515 | $0.657639 |
No-New-Revenue M&O Rate | $0.45983 | $0.520000 |
Voter Approval Tax Rate | $0.650647 | $0.649702 |
Debt Rate | $0.154026 | $0.129702 |
The total amount of municipal debt obligation secured by property taxes for the Town of Little Elm is $57,645,000.