taxes: Buy The Branch
- 09/04/09 05:17 AM
Why "Buy The Branch?" As a resident of Farmers Branch, you are afforded with unparalleled city services while paying one of the lowest tax rates in the entire Metroplex. That's a winning combination in anyone's book! So how is this possible? Well for one thing, approximately 78 percent of all property taxes in Farmers Branch are paid by our business community. Additionally, the City collects an estimated $12.4 million in sales tax on an annual basis. Collectively, these monies are used to fund the city's operations, and fortunately, the combined dollar amount is substantial enough for the City to operate at a consistently low (2 comments)
The City of Farmers Branch conducted public hearings on August 25, 2009 and September 1, 2009 on a proposal to increase the total tax revenues of the City of Farmers Branch from properties on the tax roll in the preceding year by 9.3 percent. The total tax revenue raised last year at last year's tax rate of $0.4945 for each $100 of taxable value was $20,475,557. The total tax revenue proposed to be raised this year at the proposed tax rate of $0.5195 for each $100 of taxable value, excluding tax revenue to be raised (0 comments)