| City of Stagecoach | Stagecoach, TX

2016 PROPERTY TAX RATE

THE CITY OF STAGECOACH ADOPTED A TAX RATE WILL RAISE MORE TAXES FOR MAINTENANCE AND OPERATIONS THAN LAST YEAR’S TAX RATE.

THE TAX RATE WILL EFFECTIVELY BE RAISED BY 5.84% AND WILL RAISE TAXES FOR MAINTENANCE AND OPERATIONS ON A $100,000 HOME BY APPROXIMATELY $-20.70.
2016-2017 BUDGET

This budget will raise more revenue from property taxes than last year's budget by an amount of $10,871, which is an 5.76% increase from last year's budget. The property tax revenue to be raised from new property added to the tax roll this year is $7,665.
2015 PROPERTY TAX RATE / 2015-2016 BUDGET

THE CITY OF STAGECOACH ADOPTED A TAX RATE THAT WILL RAISE MORE TAXES FOR MAINTENANCE AND OPERATIONS THAN LAST YEAR’S TAX RATE.

THE TAX RATE WILL EFFECTIVELY BE RAISED BY 7.98% AND WILL RAISE TAXES FOR MAINTENANCE AND OPERATIONS ON A $100,000 HOME BY APPROXIMATELY $-14.60.
The City's property tax rate for 2015 is $0.5027/$100. The proposed effective tax rate was $0.4822/$100 so the 2015 rate is an increase over the effective rate. However, the tax rate for 2014 was $0.5353/$100 so the 2015 rate is less than the 2014 rate.
Debt Obligations

The City borrowed $39,305 from Woodforest National Bank on 9-8-2016 for the purchase of a 2016 Chevrolet Tahoe. The Note matures on September 10, 2019 and total payments of principal and interest are $42,250.
https://www.comptroller.texas.gov/transparency/local/debt/city.php?cityname=Stagecoach&citysubmit=GO