Finance

FAQ

Q:  What is the Fiscal Year for the City?
 A:  The City's fiscal year is October 1 to September 30.
 
 
Q:  When does the budget process begin?

Debt Service

General Government Debt

Taxes

Ad Valorem Taxes

The City's current ad valorem tax rate is $0.50572 per $100 of valuation of which $0.469738 is for Maintenance and Operations of the General Fund and $0.035982 is for bonded debt.  For fiscal year 2016-2017 the city's total taxable assessed value was $1,245,133,801 with the average home taxable value of $92,865 in Gregg County and $82,720 in Rusk County. The City grants a 20% homestead exemption and an additional $15,000 exemption for homeowners over 65 or disabled homeowners.

 

Finance