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FY 2020 Proposed Tax Rate, Public Hearing Schedule

Post Date:08/12/2019 12:30 AM

NOTICE OF 2019 TAX YEAR PROPOSED PROPERTY TAX RATE FOR CITY OF VICTORIA

A tax rate of $0.6115 per $100 valuation has been proposed for adoption by the governing body of CITY OF VICTORIA. 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 VICTORIA proposes to use revenue attributable to the tax rate increase for the purpose of INFRASTRUCTURE PROGRAMS.

PROPOSED TAX RATE                            $0.6115 per $100

PRECEDING YEAR'S TAX RATE                $0.6224 per $100

EFFECTIVE TAX RATE                           $0.5960 per $100

ROLLBACK TAX RATE                            $0.6218 per $100

The effective tax rate is the total tax rate needed to raise the same amount of property tax revenue for CITY OF VICTORIA from the same properties in both the 2018 tax year and the 2019 tax year.

The rollback tax rate is the highest tax rate that CITY OF VICTORIA 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:

Rena Scherer

Victoria County Tax Assessor Collector

205 N Bridge St. Ste 101, Victoria, TX 77901

361-576-3671

rscherer@vctx.org

www.vctx.org

You are urged to attend and express your views at the following public hearings on the proposed tax rate:

First Hearing: August 27, 2019 at 5:00 PM at City Council Chambers, 107 West Juan Linn, Victoria, TX 77901.

Second Hearing: September 3, 2019 at 5:00 PM at City Council Chambers, 107 West Juan Linn, Victoria, TX 77901.

*Per City Ordinance 2012-26 2019 Rollback Tax Rate is $0.6115/$100.

 

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