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.