NOTICE OF 2019 TAX YEAR
PROPOSED PROPERTY TAX RATE FOR
CITY OF SPRING BRANCH
A tax rate of $0.118337 per $100 valuation has been proposed for adoption by the governing body of CITY OF SPRING BRANCH. This rate does not exceed the lower of the effective or rollback tax rate.
The governing body of CITY OF SPRING BRANCH proposes to use revenue attributable to the tax rate increase for the purpose of Maintenance and Operations.
PROPOSED TAX RATE $0.118337 per $100
PRECEDING YEAR’S TAX RATE $0.120000 per $100
EFFECTIVE TAX RATE $0.118337 per $100
ROLLBACK TAX RATE $0.127803 per $100
The effective tax rate is the total tax rate needed to raise the same amount of property tax revenue for CITY OF SPRING BRANCH 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 SPRING BRANCH 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: