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Two public hearings scheduled on FY2018 tax rate

Post Date:08/29/2017

NOTICE OF 2017 TAX YEAR PROPOSED PROPERTY TAX RATE FOR THE CITY OF KELLER

A tax rate of $0.4275 per $100 valuation has been proposed for adoption by the governing body of the City of Keller. 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 Keller proposes to use revenue attributable to the tax rate increase for the purpose of transportation improvements, EMS equipment and maintaining service levels. 

  PROPOSED TAX RATE   $0.4275 per $100
  PRECEDING YEAR'S TAX RATE  $0.4300 per $100
  EFFECTIVE TAX RATE  $0.418194 per $100
  ROLLBACK TAX RATE  $0.432694 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 Keller 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 Keller 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 = (Tax rate) x (taxable value of your property)/$100

For assistance or detailed information about tax calculations, please contact:

  • Ron Wright
    Tarrant County Tax Assessor-Collector
    100 E. Weatherford Street, Fort Worth
    817-884-1100
    taxoffice@tarrantcounty.com
    access.tarrantcounty.com/en/tax.html

You are urged to attend and express your views at the following public hearings on the proposed tax rate:

  • First Hearing: 7 p.m. Sept. 5, 2017
  • Second Hearing: 6 p.m. Sept. 12, 2017

Both public hearings will take place at Keller Town Hall, 1100 Bear Creek Pkwy.