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The original item was published from 8/19/2009 3:57:11 PM to 9/5/2009 12:00:04 AM.

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Posted on: August 19, 2009

[ARCHIVED] Notice of Public Hearing on Tax Rate

The City of Seagoville, Texas will hold two public hearings on a proposal to increase total tax revenues from properties on the tax roll in the preceding tax year by negative 0.4 percent (-0.4%); (which will result in an assessment of an additional assessment of ($0.002561) per $100 taxable value, under Chapter 26 of the Tax Code).

Your individual taxes may increase at a greater or lesser rate, or even decrease depending on the change in taxable value of your property in relation to the change in taxable value of all other property and the tax rate that is adopted.

These public hearings will be held on Thursday, August 20, 2009 at 7:30 p.m., and Thursday, September 3, 2009 at 7:30 p.m. at Seagoville City Hall, Council Chambers, 702 N. Hwy 175 Seagoville, TX 75159

The members of the governing body voted on the proposal to consider the tax increase as follows:
FOR: Thompson, Magill, Hernandez, Polnac, and Green
AGAINST: None
PRESENT AND NOT VOTING: Sidney M. Sexton, Jr., Mayor
ABSENT: None

2008 Tax Rate (Last Year’s Tax Rate)
The average taxable value of a residence homestead in Seagoville, Texas in 2008 was $85,532.00. Based on last year’s tax rate of $0.635 per $100 of taxable value, the amount of taxed imposed last year on the average home was $543.13


2009 Tax Rate (This Year’s Tax Rate)
The average taxable value of a residence homestead in Seagoville, Texas in 2009 is $82,783.

THE EFFECTIVE RATE
If the City Council had proposed adopting the effective tax rate for 2009 of $0.652561 per $100 of taxable value; the amount of taxes imposed this year would be $ 540.21.

THE PROPOSED RATE
If the City Council adopts the proposed tax rate of $0.65.00 per $100 of taxable value, the amount of taxes imposed this year on the average home will be $538.09
Members of the public are encouraged to attend the hearings and express their views.

(Note: The CC has proposed a .65 tax rate or a 1.5 cent tax “rate” increase above the 2008 tax “rate” of 63.5 cents. Due to declining values, the owner of an average home valued at $85,532 in 2008, and with the same home being valued at $82,783 in 2009; will pay $5.04 less in taxes this year.)

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