The public hearings for the proposed FY 2022-23 budget and tax rate have been set for the regular City Council meeting on Tuesday, Sept. 13 beginning at 7 p.m. at Allen City Hall, 305 Century Parkway.
Following the City Council’s budget workshop, the proposed budget decreases the City’s tax rate to $0.418914 per $100 of assessed property value. This rate is a reduction of $0.051 from the previous year’s tax rate of $0.470. At a property tax rate of $0.418914, the municipal tax paid on the average single-family residential home (valued at $433,972) will be $1,817.97.
The public hearing presentation will include an overview of the proposed budget and tax rate. The proposed budget can be viewed online along with additional information on the Truth in Taxation web page.