NOTICE OF 2017 TAX YEAR PROPOSED PROPERTY TAX RATE FOR CITY OF PALMVIEW
A tax rate of $0.5001 per $100 valuation has been proposed for adoption by the governing body of City of Palmview. 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 Palmview proposes to use revenue attributable to the tax rate increase for the purpose of continuing level of services currently provided, expand public safety services and add ambulance, street paving and park facility improvements.
PROPOSED TAX RATE $0.5001 per $100
PRECEDING YEAR’S TAX RATE $0.4751 per $100
EFFECTIVE TAX RATE $0.4669 per $100
ROLLBACK TAX RATE $0.5017 per $100
The effective tax rate is the total tax rate needed to raise the same amount of property tax revenue for City of Palmview from the same properties in both the 2016 tax year and the 2017 tax year.
The rollback tax rate is the highest tax rate that City of Palmview 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:
Pablo (Paul) Villarreal Jr.
Hidalgo County Tax Assessor-Collector
2804 S Business Hwy 281
Edinburg TX 78539
You are urged to attend and express your views at the following public hearings on the proposed tax rate:
First Hearing: August 29, 2017 at 6:00 PM at Palmview City Hall, 400 W. Veterans Blvd., Palmview TX.
Second Hearing: September 12, 2017 at 6:00 PM at Palmview City Hall, 400 W. Veterans Blvd., Palmview.