BUDGET 

PROPOSED 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 Proposed Tax Rate:

Tax Rate
Adopted FY 2019-2020
Proposed 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.

BUDGET COVER (2)