2019 ADOPTED TAX RATE $0.8980

THE CITY OF NATALIA CITY COUNCIL ADOPTED A TAX RATE OF $0.8980, WHICH WILL INCREASE PROPERTY TAXES BY 5.28% OF WHICH THE TAX RATE ADOPTED EXCEEDS THE EFFECTIVE TAX RATE OF $0.8529.

THE ADOPTED TAX RATE SHALL BE LEVIED AND COLLECTED FOR THE USE AND SUPPORT OF THE MUNICIPAL GOVERNMENT, AND TO PROVIDE AN INTEREST AND SINKING FUND FOR THE 2019/2020 FISCAL YEAR, ON ALL PROPERTY, REAL, PERSONAL, AND MIXED WITHIN THE CORPORATE CITY LIMITS OF NATALIA ON JANUARY 1, 2019 WHICH IS SUBJECT TO TAXATION, AT THE FOLLOWING TAX RATES:

TAX RATE:  $0.8980 on each $100 valuation, which is apportioned to specific purposes:

  1. $0.7850 on each $100 valuation for Maintenance & Operations (M&O)

  2. $0.1130 on each $100 valuation for Interest & Sinking Fund (I&S)

TAXES LEVIED SHALL BE DUE BY OCTOBER 1st; AND IF NOT PAID BEFORE FEBRUARY 1st SHALL IMMEDIATELY BECOME DELINQUENT, AND SUBJECT TO PENALTIES & INTEREST.

 THE TOTAL AMOUNT OF MUNICIPAL DEBT OBLIGATIONS SECURED BY PROPERTY TAXES IS $2,734,787; COMBINATION OF:

  • SERIES 2019 REFUNDING BOND: PRINCIPAL $363,000, INTEREST $154,814: TOTAL $517,814

  • SERIES 2019A C-OF-O: PRINCIPAL $964,000, INTEREST $416,288: TOTAL $1,380,288

  • SERIES 2019B C-OF-O: PRINICIPAL $584,000, INTEREST $252,685: TOTAL $836,685