Page 135 - Hurst FY19 Approved Budget

was approved by voters to construct a new Justice Center. For the 2014 tax year, total
appraised values increased $100,465,540 over the previous tax year. Due to the growth
in property values, the City approved a tax rate decrease of approximately a quarter
cent, which put the tax rate at the same level as 1992. Values fell by less than 1% in
tax year 2015, and the adopted tax rate was equal to the effective rate of $0.61056. In
tax year 2016, values increased 9.86% and the Council lowered the tax rate to $0.5879.
In tax year 2017, values increased 8.28% and resulted in the another decrease in the
tax rate to $0.58094. For 2018, values increased 7.77% and resulted in a slight tax rate
decrease to $.58.

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