Rollingwood City Council adopted a reduced property tax rate of $0.2021 per $100 valuation for fiscal year 2015-16 at a special meeting Oct. 5.

Council proposed an FY 2015-16 tax rate of $0.2101, the highest rate they could adopt without being subject to a rollback vote, during the Sept. 16 meeting in which they passed the city's FY 2015-16 budget.

After further review of the budget, the council decided the FY 2015-16 tax rate of $0.2021 provided enough funds to accomplish the budget's focus and the city did not need to enact the higher proposed tax rate.

The FY 2015-16 tax rate rate is lower than the FY 2014-15 rate of $0.2066. However, due to higher property values, the taxes will bring in an extra $152,055.73 for the city.