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OF TAX REVENUE INCREASE
The City of Peñitas will conduct public hearings on September 14, 2012 and September 18, 2012 on a proposal to increase the total tax revenues of the City of Peñitas from properties on the tax roll in the preceding year by 35.36 percent.
The total tax revenue proposed to be raised last year at last year's tax rate of $0.3625 for each $100 of taxable value was $514,149.
The total tax revenue proposed to be raised this year at the proposed tax rate of $0.4620 for each $100 of taxable value, excluding tax revenue to be raised from new property added to the tax roll this year, is $656,204.
The total tax revenue proposed to be raised this year at the proposed tax rate of $0.4620 for each $100 of taxable value, including tax revenue to be raised from new property added to the tax roll this year, is $677,966.
The City Council of City of Peñitas is scheduled to vote on the tax rate that will result in that tax increase at a public meeting to be held September 25, 2012 at 1320 South Main, Peñitas, Texas 78576 at 06:00 PM.
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The Progress Times is the hometown newspaper for the local communities of Mission, Sharyland, Alton, Palmview, La Joya and surrounding areas in Western Hidalgo County. We have a staff of veteran reporters who work diligently every week to bring our readers the latest news as it affects their hometown area and people.