BY DON MUNSCH
Argyle tax values could contribute to lower rate Argyle Town Council members got a look at projected revenues for the upcoming fiscal year during a June 17 work session. The background In the work session, Town Administrator Erika McComis provided key takeaways related to the town’s projected revenue, including: • The estimated taxable value is at $1.59 billion. • The average home market value was $758,833 with an average taxable value of $663,892. • The tax rate is $0.343111 per $100 valuation. McComis said she thinks there will be an oppor- tunity to lower the tax rate this year. There is $6.8 million in proposed revenue for the upcoming fiscal year, she said. There are a number of new residential and com- mercial permits and registrations, which translate
Double Oak residents urged to save water Double Oak residents are being reminded to follow Upper Trinity Regional Water District watering suggestions this summer. The effort aims to reduce water usage, protect infrastructure and save money. The gist According to a news release, Cross Tim- bers Water Supply restrictions include: • Avoid watering between 10 a.m.-6 p.m. • Residents with odd-numbered last digits on their address can water on Monday, Wednesday and Friday. • Residents with even-numbered last digits on their address can water on Tuesday, Thursday and Saturday. • Gardens can be watered daily by hand, drip irrigation or soaker hose.
Town of Argyle tax rates
$0.40
$0.35
$0.30
2020-21 2021-22 2022-23 2023-24
Fiscal year
SOURCES: DENTON COUNTY, TOWN OF ARGYLE/COMMUNITY IMPACT
into taxable properties, including: • 75 new home builds
• Construction for the Argyle Commerce Center, the beginning phase for the new Argyle Middle School and a car wash Also of note In a separate discussion and agenda item, council examined whether to outsource a five-year financing forecast for the town. “Because we do have facilities coming on board, you have streets that we need to look at,” McComis said.
INTEREST RATE AS LOW AS 2.99% (5.746% APR)*
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Offer only applies to select new home purchases made between July 19-31, 2024 that close by August 31, 2024. This offer may not be available in conjunction with other offers, promotions or price discounts. ©Jet HomeLoans, LP SM (NMLS ID #1660135). Jet Home Loans Corporate Office: 14701 Philips Highway Suite 202 Jacksonville, FL 32256 | 833-270-7191. Borrower is not required to finance through Jet HomeLoans, LP but must use Jet HomeLoans, LP to receive incentives. Jet HomeLoans, LP is not acting on behalf of or at the direction of FHA/HUD/VA or the federal government. All products are subject to credit and property approval. Programs, rates, program terms and conditions subject to change without notice. Not all products are available in all states or for all amounts. This is not a commitment to lend. Other restrictions and limitations apply. NMLS Consumer Access Link: www.nmlsconsumeraccess.org. *When electing to finance with Jet HomeLoans, LP, Coventry Homes will contribute up to $20,000 toward buyer’s closing costs. Credit will be issued as a seller credit at closing. Closing costs are Non-Recurring costs or Settlement Fees. Credit may not exceed the actual closing costs amount. Excludes discount points, builder fee, escrows, prepaid items, prorations, mortgage insurance, funding fees and/or other costs outlined in the purchase and sale agreement. Exclusions apply.** Scenario is an estimate and is based on primary residences only, 640 FICO score and a 2/1 buydown on a $400,000 purchase price with an FHA 30-year agreement (360 months) fixed rate loan amount of $392,755 at 96.5% LTV. Year 1 (0-12 months) rate at 2.99%, APR of 5.746%, and monthly payment of $1,829; year 2 (13-24 months) rate of 3.99%, APR of 5.746%, and monthly payment of $2,049; and a year 3-30 (25-360 months) rate of 4.99%, APR of 5.746%, and monthly payment of $2,282. Monthly payments include principal, interest, and mortgage insurance. Example payment does not include property taxes, homeowners’ insurance, HOA or CDD (if applicable) and payment obligation may be greater. 4.99% final note rate is based on a builder paid forward commitment to buydown the market rate. The forward commitment is offered on government loans for primary residences only. 2/1 Buydown Program: Rate reduction up to 2%; buy down rate for up to 2 years; adjusts 1% each year; returns to original fixed rate after buy down period; seller will pay for the buy down. Offer valid for select homesites on loans closed on or before August 31, 2024; see your builder representative for further details on expiration terms and available homesites.
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FLOWER MOUND - HIGHLAND VILLAGE - ARGYLE EDITION
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