Meadowlakes city officials detailed about how much more in taxes residents could pay con - nected to debt taken on for a multi-million dol - lar community complex project.
"The ad valorem tax rate for 2024 is consid - erably higher than last year's rate due to the need to generate tax in - come to retire a portion
of the voter-approved $7.5 million in Certifi - cate of Obligations for the new community cen - ter," Thompson shared with residents in his weekly address. "The looming question on the minds of many Mead - owlakes homeowners is how the new tax rate will impact them." Last year's ad valor - em tax rate was .1374 cents per $100, while the upcoming fiscal year's recently-approved tax rate is .2471 cents.
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