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50- 8 19 <br />(OS -74/2) <br />NOTICE OF 2015 TAX YEAR <br />PROPOSED PROPERTY TAX RATE FOR <br />City of Paris <br />A tax rate of $ .50195 per $100 valuation has been proposed for adoption by the governing body of <br />City of Paris . This rate exceeds the lower of the effective or rollback tax rate, <br />and state law requires that two public hearings be held by the governing body before adopting the proposed tax rate. <br />PROPOSED TAX RATE <br />$ <br />.50195 <br />per $100 <br />PRECEDING YEAR'S TAX RATE $ <br />.50195 <br />per $100 <br />EFFECTIVE TAX RATE <br />$ <br />.49854 <br />per $100 <br />ROLLBACK TAX RATE <br />$ <br />.62945 <br />per $100 <br />The effective tax rate is the total tax rate <br />needed to raise <br />the same <br />amount of property tax revenue for <br />City of Paris <br />from the same properties in both the 2014 tax year <br />and the 2015 tax year. <br />The rollback tax rate is the highest tax rate that City of Paris may adopt before <br />voters are entitled to petition for an election to limit the rate that may be approved to the rollback rate. <br />YOUR TAXES OWED UNDER ANY OF THE ABOVE RATES CAN BE CALCULATED AS FOLLOWS: <br />property tax amount = ( rate ) x ( taxable value of your property) / 100 <br />For assistance or detailed information about tax calculations, please contact: <br />Gene Anderson <br />City of Paris <br />135 S. E. First Street Paris, Texas 75460 <br />903 - 784 -9241 <br />ganderson @paristexas.gov <br />www.paristexas.gov <br />tax assessor - collector <br />You are urged to attend and express your views at the following public hearings on the proposed tax rate: <br />First Hearing: September 8, 2015 at City Council Chambers 107 E. Kaufman Street <br />Second Hearing: September 14, 2015 at City Council Chambers 107 E. Kaufman Street <br />