Lampasas City Council proposes to decrease property tax rate; Average homestead values rise

The Lampasas City Council on Monday proposed a maximum rate of $0.3370 for the upcoming fiscal year, a 14.73% decrease in the city’s tax rate.

The vote was 6-0, with Councilwoman Cathy Kuehne absent.

City officials will vote on the budget and final tax rate after a public hearing Sept. 13 at 5:30 p.m.

The proposed rate of $0.337 per $100 tax valuation is lower than the current rate of $0.3952.

Despite…