Canyon sets new tax rate resulting in 7% increase of income for the city

CANYON, Texas (KFDA) - Canyon council members set a property tax rate today that will result in a seven percent increase of income.

The actual rate will go from 40 to 39 cents per $100 of taxable value.

However, because of new property and higher appraisals, the city will take in almost $500,000 more than this year.

The rate is the highest they can set without triggering an election.

A public hearing was held before the vote, but nobody spoke.

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