Rollingwood sets proposed tax rate for FY 2019-20

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The city of Rollingwood has proposed an ad valorem tax rate for fiscal year 2019-20.

Council set the proposed rate at the rollback number of $0.2088 per $100 of valuation.

City Administrator Amber Lewis said the proposed rate is not official, and council can vote on the official rate at its Oct. 7 meeting.

That number constitutes the city’s rollback rate, which is highest the city can set before taxpayers can start rollback procedures.

City documents state the rollback rate, if adopted, would raise $113,381 more in revenue from property taxes over the previous year’s budget, and $39,724 of that revenue would come from new property.

At Rollingwood’s average taxable value of $1,322,889, the city’s portion of the average taxpayer’s bill comes out to $2,762, which is an additional $45.64 over 2018-19.

Council set two public hearings on the proposed tax rate for Sept. 30 and Oct. 2.

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Brian Rash
Brian has been a reporter and editor since 2012. He wrote about the music scene in Dallas-Fort Worth before becoming managing editor for the Graham Leader in Graham, Texas, in 2013. He relocated to Austin, Texas, in 2015 to work for Gatehouse Media's large design hub. He became the editor for the Lake Travis-Westlake publication of Community Impact in August 2018.
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