NOTICE OF 2018 TAX YEAR PROPOSED PROPERTY TAX RATE
FOR CITY OF ROYSE CITY
A tax rate of $ 0.621500 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.
The governing body of
City of Royse City
proposes to use revenue attributable to the tax rate increase for the purpose of adding full-time firefighters, police officers, city engineer and ongoing operations.
PROPOSED TAX RATE $0.621500 per $100
PRECEDING YEAR’S TAX RATE $0.621500 per $100
EFFECTIVE TAX RATE $0.541224 per $100
ROLLBACK TAX RATE $0.623576 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 2017 tax year and the 2018 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:
Rockwall Central Appraisal District
Rockwall County
841 Justin Road, Rockwall, Texas 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: August 28, 2018 at 7:00 pm at 100 W. Main Street, Royse City, TX 75189.
Second Hearing: September 4, 2018 at 7:00 pm at 100 W. Main Street, Royse City, TX 75189.