Notice of 2018 Tax Year proposed Property Tax Rate for City of Ovilla

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A tax rate of $0.660000 per $100 valuation has been proposed by the governing body of CITY OF OVILLA. 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 OVILLA proposes to use revenue attributable to the tax rate increase for the purpose of street improvements, change from part time to full time fire captains and firemen, vehicle replacement for police and park improvements.

PROPOSED TAX RATE: $0.660000 per $100

PRECEDING YEAR’S TAX RATE: $0.680399 per $100

EFFECTIVE TAX RATE: $0.621776 per $100

ROLLBACK TAX RATE: $0.662271 per $100

The effective tax rate is the total tax rate needed to raise the same amount of property tax revenue for CITY OF OVILLA from the same properties in both the 2017 tax year and the 2018 tax year.

The rollback tax rate is the highest tax rate that CITY OF OVILLA 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:

John Bridges

Ellis County Tax Assessor-Collector

109 S Jackson St, Waxahachie, TX 75165

972-825-5150

john.bridges@co.ellis.tx.us

elliscountytax.com

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

First Hearing: August 20, 2018, 5:30 p.m. at City Hall, 105 S. Cockrell Hill Rd., Ovilla, TX.

Second Hearing: August 29, 2018, 5:30 p.m. at City Hall, 105 S. Cockrell Hill Rd., Ovilla, TX.

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