• NOTICE OF 2017 TAX YEAR (2018 FISCAL YEAR) PROPERTY TAX RATE FOR CITY OF CORSICANA

NOTICE OF 2017 TAX YEAR (2018 FISCAL YEAR) PROPERTY TAX RATE FOR CITY OF CORSICANA
A tax rate of $0.6272 per $100 valuation has been proposed by the governing body of the
City of Corsicana. 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 $0.627200 per $100 PRECEDING YEAR’S TAX RATE $0.627200 per $100 EFFECTIVE TAX RATE $0.598600 per $100 ROLLBACK TAX RATE $0.628900 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 Corsicana from the same properties in both the 2016 tax year (2017 fiscal year) and the 2017 tax year (2018 fiscal year).
The rollback tax rate is the highest tax rate that the City of Corsicana may adopt before voters are entitled 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:
Mike Dowd Navarro County Tax Assessor-Collector
601 N 13th Street 4 Corsicana, TX 75110
903-654-3080;
mdowd@navarrocounty.org
You are urged to attend and express your views at the following public hearing on proposed tax rate:
First Public Hearing: August 28, 2017, 6:00 p.m. at Corsicana Government Center, 200 N 12th Street, Corsicana, TX 75110.
Second Public Hearing: September 11, 2017, 6:00 p.m. at Corsicana Government Center, 200 N 12th Street, Corsicana, TX 75110.
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PostedAugust 12, 2017