Notice of Proposed Property Tax Rate for 2018-2019

Posted on August 6, 2018


2016 proposed property tax rate

The City of Lucas is proposing a property tax rate of $0.303216 per $100 valuation which is the effective tax rate.  The effective tax rate is the total tax rate needed to raise the same amount of property tax revenue for the City of Lucas from the same properties in both the 2017 tax year and the 2018 tax year.  This rate is comprised of $0.202346 for Maintenance and Operations and $.100870 for Interest and Sinking for Debt Services.  Click here to view the Notice of Property Tax Rate from the Collin County Tax Assessor-Collector.

The tax rate is scheduled to be adopted at the September 20, 2018 City Council meeting.

 

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