The Highland Village City Council will vote again on the tax rate on Sept. 21. (Samantha Van Dyke/Community Impact Newspaper)
The Highland Village City Council approved the first reading of an ordinance setting the property tax rate for fiscal year 2021-22 at $0.56302 per $100 valuation.
Council elected to keep the tax rate the same as the current year. But because of an overall increase in property values, the city expects to collect more revenue next year even though the rate is unchanged. That rate is effectively an increase of 4.5%, according to city documents.
The council also approved the first reading of its fiscal year 2021 general fund budget of nearly $20.6 million.
The council will vote again after the second readings for these ordinances on Sept. 21.
Samantha Van Dyke is Community Impact's DFW Metro Reporter. She previously served as managing editor of The Arkansas Traveler.
Thank you for reading Community Impact
Want more from CI? Becoming a CI Patron grants you access to an exclusive weekend newsletter and CI Swag. Your one-time or monthly donation catapults our mission to hire high-quality journalists and provide trusted news in Texas communities.