2010 Property Tax Rates in the City of Schertz and Hearings on Property Tax Increases
This notice concerns the 2010 property tax rates for City of Schertz.
It represents information about three tax rates. Last year's tax rate is the actual rate the taxing unit used to determine property taxes last year. This year's effective tax rate would impose the same total taxes as last year if you compare properties taxed in both years. This year's rollback tax rate is the highest tax rate the taxing unit can set before taxpayers can start tax rollback procedures. In each case these rates are found by dividing the total amount of taxes by the tax base (the total value of taxable property) with adjustments as required by state law. The rates are given per $100 of property value.
NOTICE OF PUBLIC HEARING ON TAX INCREASE
The City of Schertz will hold two public hearings on a proposal to increase total Tax revenues from properties on the tax roll in the preceding tax year by 4.05 percent (percentage by which proposed tax rate exceeds lower of rollback tax rate or effective tax rate calculated under Chapter 26, Tax Code). Your individual taxes may increase at a greater or lesser rate, or even decrease, depending on the change in the taxable value of your property in relation to the change in taxable value of all other property and the tax rate that is adopted.
Notice of Public Hearing on Tax Increase
The first public hearing will be held on August 24, 2010 at 6:30 PM at Council Chambers, City Hall, 1400 Schertz Parkway, Building # 4, Schertz, Texas.
The second public hearing will be held on August 31, 2010 at 6:30 PM at CouncilChambers, City Hall, 1400 Schertz Parkway, Building # 4, Schertz, Texas.
The members of the governing body voted on the proposal to consider the tax increase as follows:
Jim Fowler, Cedric Edwards, Michael Carpenter George Antuna, Jr.
AGAINST: David Scagliola
PRESENT and not Voting:
The average taxable value of a residence homestead in City of Schertz last year was $151,130. Based on last year's tax rate of $0.4342 per $100 of taxable value, the amount of taxes imposed last year on the average home was $656.21.
The average taxable value of a residence homestead in City of Schertz this year is $157,893. If the governing body adopts the effective tax rate for this year of $0.4493 per $100 of taxable value, the amount of taxes imposed this year on the average home would be $709.41.
If the governing body adopts the proposed tax rate of $0.4675 per $100 of taxable value, the amount of taxes imposed this year on the average home would be $738.15.
Members of the public are encouraged to attend the hearings and express their views.