Property owners in the city of Katy may see relief in their municipal property taxes.
The city of Katy’s proposed property tax rate for fiscal year 2019-20 is $0.48 per $100 of valuation, according to a Sept. 16 special council meeting agenda. Last year’s rate was $0.486720.
Although the proposed rate is lower, the city expects to bring in an more tax revenue in FY 2019-20 than the previous year because valuations have increased year over year, city of Katy Finance Director Andrew Vasquez said.
Katy City Council will vote whether to adopt the new rate Sept. 23 at Katy City Hall, 901 Avenue C, Katy.