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TAXABLE VALUE: Estimated value of property on which ad valorem taxes are levied.

TAXES: Compulsory charges levied by a government for the purpose of financing services
performed for the common benefit.

TCEQ: The Texas Commission on Environmental Quality.

VOTER-APPROVAL TAX RATE: The highest tax rate the City may adopt without holding an
election to see voter approval, unless the de minimis rate exceeds the voter-approval rate.

City of Azle 2020-2021 Budget 203