Details for CITY OF LACY LAKEVIEW
NOTICE OF 2019 TAX YEAR PROPOSED PROPERTY TAX RATE FOR CITY OF LACY LAKEVIEW A tax rate of $0.340064 per $100 valuation has been proposed for adoption by the governing body of City of Lacy Lakeview. 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 Lacy Lakeview proposes to use revenue attributable to the tax rate increase for the purpose of funding increases to employee compensation and medical insurance expenses, increases in contracted services, increases in infrastructure maintenance, as well as other increased expenses related to growth of the community. PROPOSED TAX RATE PRECEDING YEAR'S TAX RATE EFFECTIVE TAX RATE ROLLBACK TAX RATE $0.340064 per $100 $0.352628 per $100 $0.330064 per $100 $0.360874 per $100 The effective tax rate is the total tax rate needed to raise the same amount of property tax revenue for City of Lacy Lakeview from the same properties in both the 2018 tax year and the 2019 tax year. The rollback tax rate is the highest tax rate that City of Lacy Lakeview 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: Paul Graser City of Lacy Lakeview tax assessor-collector 215 N 5th Waco, TX 76701 254-757-5133 firstname.lastname@example.org You are urged to attend and express your views at the following public hearings on the proposed tax rate: First Hearing: August 20, 2019 at 6:00 PM at Lacy Lakeview City Council Chambers, 501 East Craven, Lacy Lakeview, TX. Second Hearing: August 26, 2019 at 6:00 PM at Lacy Lakeview City Council Chambers, 501 East Craven, Lacy Lakeview, TX.