Official FY 2024 (2023–2024) Adopted Operating & Debt Service Budget for City of Magnolia (Montgomery County) totaling $12,554,138. Certified 2023 Tax Year ad valorem property tax rate: $0.2948 per $100 taxable valuation.
Total Appropriation
$12.6M
General Fund
$6.5M
Debt Service (I&S)
$2.6M
Capital Projects
$0.7M
Per Capita
$4,764
Public Safety:$3.3M (26%)
0
Public Works:$3.0M (24%)
Parks & Culture:$0.6M
Administration:$1.2M
Adopted Tax Rate:$0.2948 / $100
FY 2023 ADOPTED+3.0% YoYFreedom Score: 65.2 (C)• Adopted Aug 30, 2022FY 2023 (2022–2023) Adopted Municipal Budget — City of Magnolia
Official FY 2023 (2022–2023) Adopted Operating & Debt Service Budget for City of Magnolia (Montgomery County) totaling $12,273,084. Certified 2022 Tax Year ad valorem property tax rate: $0.3813 per $100 taxable valuation.