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City council adopts tax rate
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The Fort Stockton City Council approved the 2022 tax rate at its special meeting held on Tuesday, Aug. 31.
The proposed total tax rate is 0.4365 per $100 valuation — the same rate as 2021. Debt payments are $0.2419 and the remaining $0.1946 is for operations and maintenance in the general fund.
While the tax rate is to remain the same, the budget will boost more revenue from property taxes compared to last year by 7.01% or $103,545.01. Of that amount, $29,443.89 revenue that will be raised from new property added to the tax roll.