City of McAllen News

NOTICE OF 2016 TAX YEAR PROPOSED PROPERTY TAX RATE FOR CITY OF MCALLEN

by Public Information Office | Aug 26, 2016

A tax rate of $0.476300 per $100 valuation has been proposed for adoption by the governing body of City of McAllen. 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 McAllen proposes to use revenue attributable to the tax rate increase for the purpose of Public Safety, Quality of Life Projects, Parks Personnel and Capital Improvements.

 

PROPOSED TAX RATE

$0.476300 per $100

 

PRECEDING YEAR'S TAX RATE

$0.476300 per $100

 

EFFECTIVE TAX RATE

$0.452134 per $100

 

ROLLBACK TAX RATE

$0.520012 per $100

The effective tax rate is the total tax rate needed to raise the same amount of property tax revenue for City of McAllen from the same properties in both the 2015 tax year and the 2016 tax year.

The rollback tax rate is the highest tax rate that City of McAllen 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:

 

 

Rebecca M. Grimes

 

City of McAllen Tax Assessor-Collector

 

311 N. 15th, McAllen TX 78501

 

956-681-1330

 

rmgrimes@mcallen.net

 

www.mcallen.net

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

First Hearing: September 12, 2016 at 5:00 PM at McAllen City Hall, 3rd Floor, City Commission Chambers.

 

Second Hearing: September 19, 2016 at 5:00 PM at McAllen City Hall, 3rd Floor, City Commission Chambers.

 

 

###

© City of McAllen. All rights reserved.