The city of Lindale is seeking to increase how much revenue it brings in from property owners to fund increasing operating costs.
The city has proposed a tax rate of 47.0900 cents per $100 of property value, according to a legal notice posted in the Tyler Morning Telegraph.
The overall rate is a decrease from 47.5 cents in 2018. However, increased property values in the city means revenue will increase even at the lower rate.
The value of the average home in Lindale increased from $152,188 in 2018 to $164,168 in 2019, according to a report from the Smith County Appraisal District.
Commercial property values in the area also have been increasing. About $18 million of the $206 million of commercial property added in Smith County was in the Lindale area.
If the city wanted to keep the tax revenue stable from 2018 to 2019, the city would need to impose a rate of 45.6474 cents. Conversely, the maximum the city could raise the rate without potentially triggering a tax election is 47.0919 cents.
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