Notice of 2015 Proposed Property Tax Rate for City of Dallas

Notice of 2015 Proposed Property Tax Rate for City of Dallas

A tax rate of $0.797000 per $100 valuation has been proposed for adoption by the governing body of City of Dallas. 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.

PROPOSED TAX RATE                                   $0.797000 per $100
PRECEDING YEAR’S TAX RATE                  $0.797000 per $100
EFFECTIVE TAX RATE                                    $0.759885 per $100
ROLLBACK TAX RATE                                    $0.804145 per $100

The effective tax rate is the total tax rate needed to raise the same amount of property tax revenue for the City of Dallas from the same properties in the 2014 tax year and the 2015 tax year.

The rollback tax rate is the highest tax rate that City of Dallas may adopt before voters are entitled to petition for an election to limit the rate that my and approved to the rollback rate.

YOUR TAXES OWED UNDER ANY OF THE ABOVE RATES CAN BE CALCULATED AS FOLLOWS:
Property tax amount = (rate) x (table value of your property) / 100

For assistance or detailed information about tax calculations, please contact:

John R. Ames, PPC, CTA
Dallas County Tax Assessor/Collector
214-643-7811
[email protected]

http://dallascityhall.com

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

First Hearing: September 2, 2015 at 9 a.m. at City Hall, 1500 Marilla 6ES, Dallas, TX.

Second Hearing: September 16, 2015 at 9 a.m. at City Hall, 1500 Marilla 6ES, Dallas, TX.

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