ADOPTED 2019-2020 FISCAL YEAR BUDGET AND TAX RATE

This budget will raise more revenue from property taxes than last year's budget by an amount of $2,923,180, which is a 12 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 $1,648,915.

Town of Little Elm Proposed Tax Rate:

                                    ADOPTED                            ADOPTED

                                    FY2018-2019                       FY2019-2020

Property Tax Rate        $0.649900                            $0.649900

Effective Tax Rate        $0.615367                            $0.630515

Effective M&O Rate     $0.450470                            $0.459835

Rollback Tax Rate        $0.656976                            $0.650647

Debt Rate                     $0.170469                            $0.154026

The total amount of municipal debt obligation secured by property taxes for the Town of Little Elm is $49,306,613.