Notice of Public Hearing on Tax increase - 2010Notice of Public Hearing on Tax Increase
The City of Schertz 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 4.05
percent (percentage by which proposed tax rate exceeds lower of rollback tax rate
or effective tax rate calculated under Chapter 26, Tax Code). Your individual
taxes may increase at a greater or lesser rate, or even decrease, depending on the
change in the taxable value of your property in relation to the change in taxable
value of all other property and the tax rate that is adopted.
The first public hearing will be held on August 24, 2010 at 6:30 PM at Council
Chambers, City Hall, 1400 Schertz Parkway, Building # 4, Schertz, Texas.
The second public hearing will be held on August 31, 2010 at 6:30 PM at Council
Chambers, City Hall, 1400 Schertz Parkway, Building # 4, Schertz, Texas.
The members of the governing body voted on the proposal to consider the tax
increase as follows:
FOR: Jim Fowler Cedric Edwards
Michael Carpenter George Antuna, Jr.
AGAINST: David Scagliola
PRESENT and not
voting:
ABSENT:
The average taxable value of a residence homestead in City of Schertz last year
was $151,130. Based on last year's tax rate of $0.4342 per $100 of taxable value,
the amount of taxes imposed last year on the average home was $656.21.
The average taxable value of a residence homestead in City of Schertz this year is
$157,893. If the governing body adopts the effective tax rate for this year of
$0.4493 per $100 of taxable value, the amount of taxes imposed this year on the
average home would be $709.41.
If the governing body adopts the proposed tax rate of $0.4675 per $100 of taxable
value, the amount of taxes imposed this year on the average home would be
$738.15.
Members of the public are encouraged to attend the hearings and express their view
s