Katy City Council convened in a regular session Sept. 25, unanimously voting to approve the upcoming fiscal year’s budget and tax rate.
The details
City Council unanimously approved two tax rates to support the FY 2023-24 budget:
- A debt service tax rate of $0.067024 per $100 of assessed property valuation
- A maintenance and operation tax rate of $0.362976 per $100 of assessed property valuation
- A total combined property tax rate of $0.43
Additionally, Katy City Council considered an ordinance approving and adopting the budget for the fiscal year 2023-24.
