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Posted on: August 28, 2017

Notice of 2017 Tax Year Proposed Property Tax Rate

Property Tax

NOTICE OF 2017 TAX YEAR

PROPOSED PROPERTY TAX RATE

FOR CITY OF DEL RIO, TEXAS


A tax rate of $0.684576 per $100 valuation has been proposed by the governing

body of CITY OF DEL RIO, TEXAS. 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 DEL RIO, TEXAS proposes to use revenue

attributable to the tax rate increase for the purpose of funding the debt payment

for the proposed Capital Improvement Plan for FY 2016-2017 projects.


PROPOSED TAX RATE $0.684576 per $100

PRECEDING YEAR’S TAX RATE $0.684576 per $100

EFFECTIVE TAX RATE $0.678250 per $100

ROLLBACK TAX RATE $0.684634 per $100


The effective tax rate is the total tax rate needed to raise the same amount of

property tax revenue for CITY OF DEL RIO, TEXAS from the same properties

in both the 2016 tax year and the 2017 tax year.


The rollback tax rate is the highest tax rate that CITY OF DEL RIO, TEXAS

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:

Alma Venegas

City of Del Rio Tax Assessor-Collector

109 W. Broadway

830-774-8519

avenegas@cityofdelrio.com

www.cityofdelrio.com


You are urged to attend and express your views at the following public hearings

on proposed tax rate:

First Hearing: 08/29/2017 6:30 PM at City Hall Council Chambers

Second Hearing: 09/15/2017 @ 5:30 P.M. at City Hall Council Chambers

Additional Info...
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