Pflugerville City Council unanimously voted 7-0 in favor of approving the city’s proposed property tax rate for fiscal year 2019-20, listed at $0.5045 per $100 of taxable value. The proposed rate will serve as the basis for the city’s budget approval and, if adopted in its current form, will go into effect Oct. 1.
The adopted tax rate for fiscal year 2018-19 was $0.4976 per $100 of taxable value. The current proposal up for consideration is also listed as the city’s rollback rate, the highest a city can raise its property tax rate without voter approval.
The proposed rate marks an increase of approximately $0.0069 per $100 of taxable value above the current fiscal year’s rate. $0.0065 of the proposed rate increase is affiliated with the voter-approved November 2018 bond election, with the remaining $.0004 affiliated with non-bond project costs.
The average homeowner in Pflugerville will see a $7.04 monthly increase, of which $3.40 is designed to cover debt services. The increase related to the proposed property tax rate is based on the average home value in Pflugerville, confirmed by city staff as $254,485.
Following approval of the proposed property tax rate, Pflugerville City Council will hold two public hearings before the rate is formally adopted. Those hearings are scheduled for Sept. 10 at 7 p.m. and Sept. 17 at 6 p.m., held in City Council chambers at 100 E. Main Street, Ste. 500. The final adoption of the tax rate is scheduled for Sept. 24.
Editor’s note: Proposed rate increase numbers have been corrected in this story.