| | | | | | | | City of Georgetown, Texas
City Council Special Meeting
August 6, 2019 |
| | | | | | | | SUBJECT:
Consideration and possible action to set the dates for two public hearings on the proposed 2019 (FY2020) property tax rate -- Leigh Wallace, Finance Director |
| | | | | | | | ITEM SUMMARY:
State law requires that all taxing jurisdictions participate in the process of Truth-In-Taxation. When a proposed property tax rate exceeds the lower of 100 percent of the effective rate or the rollback rate, the Council must adopt a maximum proposed tax rate that it will consider and must hold two public hearings.
The Effective Rate is $0.413261. The Rollback Rate is $0.430202. The proposed tax rate for 2019 (FY2020) of $0.420000 is greater than the Effective Rate. Therefore, the City Council will publish notices and hold two public hearings.
The language in this motion is required by State law.
Set the date for 2 public hearings on the property tax rate, as required by law, to be held on Tuesday, September 3 at 6:00 p.m. and on Tuesday, September 10 at 6:00 p.m. at City Council Chambers, at 9th and Martin Luther King Jr Streets, Georgetown, TX. |
| | | | | | | | SUBMITTED BY:
Leigh Wallace, Finance Director |
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