Notice of Public Hearing on Tax Increase
A tax rate of $0.2530 per $100 valuation has been proposed by the governing body of City of Taylor Lake Village.
PROPOSED TAX RATE
$0.2530 per $100
NO-NEW-REVENUE TAX RATE
$0.2431 per $100
VOTER-APPROVAL TAX RATE
$0.2531 per $100
The no-new-revenue tax rate is the tax rate for the 2021 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 2020 tax year and the 2021 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 2021 tax year.
A PUBLIC HEARING ON THE PROPOSED TAX RATE WILL BE HELD ON September 22, 2021 AT 6:30 PM AT 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