PROPOSED 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:
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.