NOTICE OF 2018 TAX YEAR PROPOSED PROPERTY TAX RATE
FOR
CITY OF JOSEPHINE
A tax rate of $0.610000 per $100 valuation has been proposed for adoption by the governing body of City of Josephine. 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 Josephine proposes to use revenue attributable to the tax rate increase for the purpose of day to day operations.
PROPOSED TAX RATE $0.610000 per $100
PRECEDING YEAR’S TAX RATE $0.540000 per $100
EFFECTIVE TAX RATE $0.500737 per $100
ROLLBACK TAX RATE $0.629483 per $100
The effective tax rate is the total tax rate needed to raise the same amount of property tax revenue for City of Josephine 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 Josephine 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:
Kenneth L. Maun
Tax Assessor-Collector 2300 Bloomdale Road McKinney, TX 75071
972-547-5020
kmaun@collincountytx.gov
www.cityofjosephinetx.com
You are urged to attend and express your views at the following public hearings on the proposed tax rate:
First Hearing: September 4, 2018 at 7:00 pm at Josephine City Hall, 201 Main Street, Josephine, TX 75173.
Second Hearing: September 10, 2018 at 7:00 pm at Josephine City Hall, 201 Main Street, Josephine, TX 75173.