City council sets tax rate, budgets Posted in: News The Wills Point City Council laid groundwork for the city’s financial future Sept. 8, unanimously approving both a tax rate and budget for the upcoming fiscal year. From 2005 through the 2016-’17 fiscal year, Wills Point’s tax rate had held steady at .70. Citing inflation, regulations, labor, insurance and material cost increases,PLEASE LOG IN FOR PREMIUM CONTENT. Our website requires visitors to log in to view the best local news. Not yet a subscriber? Subscribe today!