TAX-RATE

2007 Tax Rate - $.40 / $100 Taxable Valuation

The Horseshoe Bay City Council formally adopted the ad valorem tax rate of $0.40/$100 taxable valuation for the Year 2007 at the September 18, 2007 Public Meeting.

The City contracts with the Llano County Tax Assessor and the Burnet Central Appraisal District for the billing and collection of taxes. You may contact the appropriate entity as follows:

For Llano County Properties:

LLANO COUNTY TAX ASSESSOR

P.O. Box 307

100 W. Sandstone

Llano, Texas 78643

Phone #: 325/247-4165

For Burnet County Properties:

BURNET CENTRAL APPRAISAL DISTRICT

Burnet Office:

P.O. Box 908

223 S. Pierce Street

Burnet, Texas 78611

Phone #: 512/756-8291 (Burnet)

Marble Falls Office:

110 Avenue H, Suite 106

Marble Falls, Texas 78657

Phone #: 830-693-5468

The City of Horseshoe Bay taxes are assessed in accordance with the Texas Property Tax Code. The revenue is used to recompense for bonds that are issued by voter approval, to subsidize current maintenance & operation of the water and wastewater facilities and to support police and fire services.

Taxes become due in October for the current year. Any taxes that remain unpaid on February 1 incur penalty & interest, which are assessed on a graduating scale: 7% in February, 9% - March, 11% - April, 13% - May, 15% - June and 18% - July. Each month thereafter incurs 1% per month additional interest until paid.

Certified by the Llano Central Appraisal District, 08/29/2007

2007 Total Market Value

$1,357,135,521

2007 Assessed Value

$1,305,772,720

2007 Net Taxable Value

$1,251,273,964

2007 Tax Levy

$ 5,005,095

2006 Collection Rate (through 09/30/07)
2005 Collection Rate (through 09/30/06)	98.85%

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