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Home > Home > News and Events > NOTICE OF 2017 TAX YEAR PROPOSED PROPERTY TAX RATE FOR CITY OF DENTON

NOTICE OF 2017 TAX YEAR PROPOSED PROPERTY TAX RATE FOR CITY OF DENTON

7/31/2017 12:00:00 AM

A tax rate of $0.683340 per $100 valuation has been proposed for adoption by the governing body of the City of Denton.

A tax rate of $0.683340 per $100 valuation has been proposed for adoption by the governing body of the City of Denton. This tax 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 the City of Denton proposes to use revenue attributable to the tax rate increase for the purpose of paying maintenance and operation expenses, and debt service.

 

PROPOSED TAX RATE       $0.683340 per $100

PRECEDING YEAR’S TAX RATE      $0.683340 per $100

EFFECTIVE TAX RATE      $0.637856 per $100

ROLLBACK TAX RATE      $0.689689 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 Denton from the same properties in both the 2016 tax year and the 2017 tax year.

The rollback tax rate is the highest tax rate the City of Denton 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:

Michelle French
Denton County Tax Assessor-Collector
1505 E. McKinney St., Denton, TX, 76209
(940) 349-3500

Property.Tax@dentoncounty.com
http://tax.dentoncounty.com

 

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

First Hearing: 6:30 p.m. on Aug. 15 at City Hall, 215 E. McKinney St., Denton, TX, 76201

Second Hearing: 6:30 p.m. on Sept. 12 at City Hall, 215 E. McKinney St., Denton, TX, 76201