Notice of 2018 Tax Year Proposed Property Tax Rate
A tax rate of $0.325 per $100 valuation has been proposed for adoption by the governing body of City of Blanco. 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 Blanco proposes to use revenue attributable to the tax rate increase for the purpose of water improvements and maintenance and operations.
PROPOSED TAX RATE
$0.3225 per $100
PRECEDING YEAR’S TAX RATE
$0.3218 per $100
EFFECTIVE TAX RATE
$0.2917 per $100
ROLLBACK TAX RATE
$0.3215 per $100
The effective tax rate is the total tax rate needed to raise the same amount of property tax revenue for City of Blanco 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 Blanco 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:
Blanco County Tax Assessor-Collector
P.O. Box 465
Johnson City, Texas 78636
You are urged to attend and express your views at the following public hearings on the proposed tax rate:
First Hearing: September 11, 2018 at 6:00 PM at City Hall Council Chambers, 308 Pecan St., Blanco, TX 78606.
Second Hearing: September 18, 2018 at 6:00 PM at City Hall Council Chambers, 308 Pecan St., Blanco, TX 78606.