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GRANITE SHOALS — During a special meeting Sept. 18, the Granite Shoals City Council passed an ad-valorem property tax rate for the 2018-19 fiscal year.

The new tax rate is 59.6 cents per $100 valuation, up from 56.313 cents for the 2017-18 fiscal year.

The tax rate won’t mark an increase for the maintenance and operations portion, but the interest and sinking, or debt service, portion of the rate will increase to 24.7 cents, up from the 21.485 cents.

It’s an overall increase of 3.287 cents.

City officials had said the increase on the interest and sinking portion of the rate is a result of voters reconfirming the $3 million road bond to address Prairie View, Valley View, and Phillips Ranch Road.

“It would seem to me that would be the case,” City Manager Jeffery Looney said.

1 thought on “Granite Shoals City Council passes property tax rate

  1. Yep once again. Just wait until the citizens get the tax and water bills for the badly needed $9.2 million estimated by the Asst City Manager, as necessary for the water system which was known and ignored before the road bonds were pushed and passed. I wonder what would have happened if the general population had known about the water system situation and funding needs before the road bonds came up?

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