CURRENT TAX RATE INFORMATION (October 1, 2019-September 30, 2020)

City of Lockhart adopted a tax rate for 2019-2020 that will effectively raise more taxes for maintenance and operations than last year's tax rate. 

• The tax rate will effectively be raised by 6.20925 percent above the effective tax rate.
• State law requires a statement regarding the amount by which taxes for maintenance and operations of a $100,000 home will be raised. Based on the proposed tax rate, the maintenance and operations portion of the rate will be 58.62¢ per $100 of assessed value compared to last year’s maintenance and operation rate of 60.31¢ per $100 of assessed value resulting in a decrease of $16.90. 
• The interest and sinking portion of the tax rate reduced from 10.76¢ to 9.80¢ per $100 of assessed value resulting in a decrease of $9.60. 
• The verbiage contained within the Ordinance is in strict compliance with requirements of Section 26.05(b)(1)(B) of the Texas Tax Code.