August 24, 2018 – City of Palmview – Notice of Tax Rates
NOTICE OF 2018 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 provide funds for the Capital Improvement Program (CIP) and expand the level of services and general welfare of all residents.
PROPOSED TAX RATE $0.5001 per $100
PRECEDING YEAR’S TAX RATE $0.5001 per $100
EFFECTIVE TAX RATE $0.4795 per $100
ROLLBACK TAX RATE $0.6163 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 2017 tax year and the 2018 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) Villareal 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: September 4, 2018 at 6:00 PM at Palmview City Hall, 400 W. Veterans Blvd., Palmview, Texas 78572.
Second Hearing: September 11, 2018 at 6:00 PM at Palmview City Hall, 400 W. Veterans Blvd., Palmview, Texas 78572.