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Posted on: September 19, 2018

Tax Rate Change

Adopted Tax Rate

There is hereby levied and there shall be collected for the use and support of the municipal government of the City of Murphy for the 2018-2019 fiscal year, upon all property, real, personal and mixed, within the corporate limits of said City subject to taxation, a tax of $0.490000 on each $100 valuation of property, said tax being so levied and apportioned to the specific purposes here set forth: 


CITY OF MURPHY ADOPTED A TAX RATE THAT WILL RAISE MORE TAXES FOR MAINTENANCE AND OPERATIONS THAN LAST YEAR'S TAX RATE.

THE TAX RATE WILL EFFECTIVELY BE RAISED BY 2.0 PERCENT AND WILL RAISE TAXES FOR MAINTENANCE AND OPERATIONS ON A $100,000 HOME BY APPROXIMATELY $-9.37."

IN ADDITION, THE CITY OF MURPHY, TEXAS ADOPTED A TAX RATE OF $0.181617 THAT WILL DECREASE TAXES FOR DEBT SERVICE WHEN COMPARED TO LAST YEAR'S TAX RATE.

THE TAX RATE WILL DECREASE THE TAXES PAID FOR DEBT SERVICE ON A $100,000 HOME BY APPROXIMATELY $0.633."

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