NOTICE OF 2015 TAX YEAR PROPOSED PROPERTY TAX RATE FOR CITY OF ROYSE CITY A tax rate of $0.677100 per $100 valuation has been proposed for adoption by the governing body of City of Royse City. 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. PROPOSED TAX RATE $0.677100 per $100 PRECEDING YEAR'S TAX RATE $0.677100 per $100 EFFECTIVE TAX RATE $0.621870 per $100 ROLLBACK TAX RATE $0.641926 per $100 The effective tax rate is the total tax rate needed to raise the same amount of property tax revenue for City of Royse City from the same properties in both the 2014 tax year and the 2015 tax year. The rollback tax rate is the highest tax rate that City of Royse City 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= (rate) x (taxable value of your property) / 100 For assistance or detailed information about tax calculations, please contact: Patricia Davis, Rockwall County Appraisal District City of Royse City Tax Assessor-Collector 841 Justin Rd. Rockwall, TX 75087 972-771-2034 info@rockwallcad.com www.rockwallcad.com You are urged to attend and express your views at the following public hearings on the proposed tax rate: First Hearing: September 1, 2015 at 7:00 pm at Royse City Police & Courts Building, 100 West Main Street. Second Hearing: September 8, 2015 at 7:00 pm at Royse City Police & Courts Building, 100 West Main Street.
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