Notice of Property Tax Rate
A tax rate of $0.556339 per $100 valuation has been proposed for adoption by the governing body of CITY OF BELLS. 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 BELLS proposes to use revenue attributable to the tax rate increase for the purpose of maintenance and operations.
|PROPOSED TAX RATE||$0.556339 per $100|
|PRECEDING YEAR'S TAX RATE||$0.551135 per $100|
|EFFECTIVE TAX RATE||$0.515132 per $100|
|ROLLBACK TAX RATE||$0.556339 per $100|
The effective tax rate is the total tax rate needed to raise the same amount of property tax revenue for CITY OF BELLS from the same properties in both the 2015 tax year and the 2016 tax year.
The rollback tax rate is the highest tax rate that CITY OF BELLS 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:
Bruce Stidham Grayson County Tax Assessor/Collector
100 W. Houston St., Ste. 11 Sherman TX
You are urged to attend and express your views at the following public hearings on the proposed tax rate:
First Hearing: August 24, 2016 at 5:30 PM at 203 S. Broadway, Bells TX.
Second Hearing: September 6, 2016 at 6:00 PM at 203 S. Broadway, Bells TX.