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Schertz Tax Rate noticeNOTICE OF 2018 TAX YEAR PROPOSED A tax rate of $0.5146 per $100 valuation has been proposed for adoption by the governing body of City of Schertz. 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 Schertz proposes to use revenue attributable to the tax rate increase for the purpose of streets,parks,and facility maintenance. PROPOSED TAX RATE $0.5146 per $100 PRECEDING YEAR'S TAX RATE $0.4910 per $100 EFFECTIVE TAX RATE $0.4892 per $100 ROLLBACK TAX RATE $0.5146 per $1.00 The effective tax rate is the total tax rate needed to raise the same amount of property tax revenue for City of Schertz 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 Schertz 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: Daryl John City of Schertz tax assessor - collector 307 W. Court St. Seguin, Tx. 78155 830 - 303 -8850 daryljohn@co.guadalupe.tx.us www.co.guadalupe.tx.us You are urged to attend and express your views at the following public hearings on the proposed tax rate: First Hearing: August 28, 2018 at 6:00 p.m at Schertz City Hall. Second Hearing: September 4, 2018 at 6:00 p.m at Schertz City Hall.