NOTICE OF 2017 TAX YEAR PROPOSED PROPERTY TAX RATE FOR THE CITY OF BELTON, TEXAS

NOTICE OF 2017 TAX YEAR PROPOSED PROPERTY TAX RATE FOR THE CITY OF BELTON, TEXAS
August 09, 2017
A tax rate of $0.6598 per $100 valuation has been proposed for
adoption by the governing body of the City of Belton. 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 the City
of Belton proposes to use revenue attributable to the tax rate
increase for the purpose of continuing to provide services essential to
the safety and wellbeing of its citizens.

PROPOSED TAX RATE $0.6598 per $100
PRECEDING YEAR’S TAX RATE $0.6598 per $100
EFFECTIVE TAX RATE $0.6465 per $100
ROLLBACK TAX RATE $0.6599 per $100

The effective tax rate is the total tax rate needed to raise the same
amount of property tax revenue for the City of Belton 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 the City of Belton
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:
Marvin Hahn, Chief Appraiser
Tax Appraisal District of Bell County
411 E Central Avenue
Belton, TX 76513
254-939-5841
marvin.hahn@bellcad.org
http://bellcad.org/

You are urged to attend and express your views at the following
public hearings on the proposed tax rate:
First Hearing:
August 22, 2017, 5:30pm at Harris Community Center
401 N Alexander Street, Belton, TX 76513
Second Hearing:
September 12, 2017, 5:30pm at Harris Community Center
401 N Alexander Street, Belton, TX 76513