Details for CITY OF WOODWAY
NOTICE OF 2018 TAX YEAR PROPOSED PROPERTY TAX RATE FOR CITY OF WOODWAY A tax rate of $0.450000 per $100 valuation has been proposed for adoption by the governing body of City of Woodway. 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 Woodway proposes to use revenue attributable to the tax rate increase for the purpose of increases related to employee compensation, improvement projects, as well as other increases related to meeting the needs of the community. PROPOSED TAX RATE PRECEDING YEAR'S TAX RATE EFFECTIVE TAX RATE ROLLBACK TAX RATE $0.450000 per $100 $0.470000 per $100 $0.437280 per $100 $0.469634 per $100 The effective tax rate is the total tax rate needed to raise the same amount of property tax revenue for City of Woodway 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 Woodway 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 McLennan County deputy 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 16, 2018 at 12:00 PM at Woodway City Hall 922 Estates Dr Woodway TX 76712. Second Hearing: August 27, 2018 at 5:30 PM at Woodway City Hall 922 Estates Dr Woodway TX 76712.