FY2018 City of DeSoto Budget Includes Property Tax Rate Reduction

City of DeSoto budget
Dr. Tarron Richardson

DESOTO—For the last six (6) years, City of DeSoto Administration has meticulously toiled to reduce property tax rates for both residents and business owners. After four (4) years of maintaining a stabilized property tax rate of .7574, the City was able to reduce it by .0075 in FY2016 and again by .0050 in FY2017.

“Since my appointment to the position of City Manager in 2011, my Administration has been working tirelessly and with due diligence to improve the monetary situation of our community,” said Tarron Richardson, PhD. “I am pleased to propose a tax rate reduction for FY2018 to .7399 per $100 of valuation.”

The proposed FY2018 budget will continue in this direction by reducing property taxes for the third year in a row. In FY2018, the proposed property tax rate will be reduced by .0050 and set at .7399.

“As we move forward into FY2018 and beyond, the City of DeSoto will continue to implement a wealth of innovative practices in public finance to better manage its human and monetary resources” said Dr. Richardson. “The success achieved over the years is attributed to our conservative approach toward budgeting and management of all public affairs.”

DeSoto Public Hearings

Public hearings on the proposed FY2018 Budget and Tax Year 2017 rate will be held during the regular DeSoto City Council Meetings on August 15, 2017 and September 5, 2017 and the budget and tax rate are slated for adoption at the September 19, 2017 City Council Meeting.

All DeSoto City Council Meetings take place at 7 pm in the City Council Chambers in the Jim Baugh Government Center located at 211 E. Pleasant Run Road, DeSoto, Texas 75115.

Copies of the full budget document are available for review on the City’s website at www.desototexas.gov, at the Action Center in Jim Baugh Government Center, at the DeSoto Public Library and the DeSoto Senior Activity Center.