PUBLIC NOTICE: NOTICE OF 2019 TAX YEAR PROPOSED PROPERTY TAX RATE FOR CITY OF FERRIS
NOTICE OF 2019 TAX YEAR PROPOSED PROPERTY TAX RATE FOR CITY OF FERRIS
A tax rate of $0.599843 per $100 valuation has been proposed by the governing body of CITY OF FERRIS. 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 FERRIS proposes to use revenue attributable to the tax rate increase for the purpose of improving city services.
• PROPOSED TAX RATE: $0.599843 per $100
• PRECEDING YEAR’S TAX RATE: $0.687134 per $100
• EFFECTIVE TAX RATE: $0.578795 per $100
• ROLLBACK TAX RATE: $0.599843 per $100
The effective tax rate is the total tax rate needed to raise the same amount of property tax revenue for CITY OF FERRIS from the same properties in both the 2018 tax year and the 2019 tax year.
The rollback tax rate is the highest tax rate that CITY OF FERRIS 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
elliscountytax.com
You are urged to attend and express your views at the following public hearings on proposed tax rate:
First Hearing
Sept. 9, 2019 6:00 p.m. at Council Chambers, 215 W 6th St, Ferris, TX
Second Hearing
Sept. 16, 2019 6:00 p.m. at Council Chambers, 215 W 6th St, Ferris, TX