17 & 18 Public Hearings for Budget

Home Browse Search

NOTICE OF 2018 TAX YEAR PROPOSED PROPERTY TAX RATE FOR CITY OF PARIS w A tax rate of $ .55195 per $100 valuation has been proposed for adoption by the governing body of City of Paris This rate exceeds the lower of the effective or rollback tax rate, and state law requires that two public hearings be held by the governing body before adopting the proposed tax rate. The governing body of Clty of Paris proposes to use revenue attributable to the tax rate increase forthe purpose of operational costs PROPOSED TAX RATE $ 55195 per $100 PRECEDING YEAR'S TAX RATE $ .55195 per $100 EFFECTIVE TAX RATE $ 02895 per $100 ROLLBACK TAX RATE $ .57980 per $100 The effective tax rate is the total tax rate needed to raise the same amount of property tax revenue for City of Paris from the same properties in both the 2017 tax year and the 2018 _ tax year. The rollback tax rate is the highest tax rate that _ City of Paris _may adopt before voters are entitled to petition for an election to limit the rate that may be approved to the rollback rate. YOUR TAXES OWED UNDER ANY OF THE ABOVE RATES CAN BE CALCULATED AS FOLLOWS: property tax amount = (Lata) x ( taxable value of your property ) / 100 You are urged to attend and express your views at the following public hearings on the proposed tax rate: First Hearing: September 4, 2018 5:30 P.M. at City Council Room 107 E. Kaufman Paris, Texas Second Hearing: September 10, 2018 5:30 PPM. _ at City Council Room 107 E. Kaufman Paris, Texas