Tax Rate Notice

Tax Notice

NOTICE OF PUBLIC HEARING
ON TAX INCREASE
A tax rate of $0.2381 per $100 valuation has been proposed by the governing body of City of Taylor Lake
Village.
PROPOSED TAX RATE $0.2381 per $100
NO-NEW-REVENUE TAX RATE $0.2284 per $100
VOTER-APPROVAL TAX RATE $0.2381 per $100
The no-new-revenue tax rate is the tax rate for the 2022 tax year that will raise the same amount of property
tax revenue for City of Taylor Lake Village from the same properties in both the 2021 tax year and the 2022
tax year.
The voter-approval rate is the highest tax rate that City of Taylor Lake Village may adopt without holding an
election to seek voter approval of the rate.
The proposed tax rate is greater than the no-new-revenue tax rate. This means that City of Taylor Lake
Village is proposing to increase property taxes for the 2022 tax year.
A PUBLIC HEARING ON THE PROPOSED TAX RATE WILL BE HELD ON October 5, 2022 AT 6:30
pm AT City Council Chambers of City Hall 500 Kirby, Taylor Lake Village, TX 77586.
The proposed tax rate is not greater than the voter-approval tax rate. As a result, City of Taylor Lake Village
is not required to hold an election at which voters may accept or reject the proposed tax rate. However, you
may express your support for or opposition to the proposed tax rate by contacting the members of the City
Council of City of Taylor Lake Village at their offices or by attending the public hearing mentioned above.
YOUR TAXES OWED UNDER ANY OF THE RATES MENTIONED ABOVE CAN BE CALCULATED
AS FOLLOWS:
Property tax amount= (tax rate) x (taxable value of your property)/100