NEWS & EVENTS: SEPT. 11, 2017
Notice of Tax Revenue Increase
The City Council conducted public hearings on 9/5/2017 and 9/8/2017 on a proposal to increase the total tax revenues of the City of Ivanhoe from properties on the tax roll in the preceding year by 7.4 percent.
The total tax revenue proposed to be raised last year at last year's tax rate of .76245 for each $100 of taxable value was $430,088.26.
The total tax revenue proposed to be raised this year at the proposed tax rate of .76245 for each $100 of taxable value, excluding tax revenue to be raised from new property added to the tax roll this year, is $459,020.40.
The total tax revenue proposed to be raised this year at the proposed tax rate of .76245 for each $100 of taxable value, including tax revenue to be raised from new property added to the tax roll this year, is $462,638.66.
The Ivanhoe City Council is scheduled to vote on the tax rate that will result in that tax increase at a public meeting to be held on 9/14/17 at the Buck Priest Community Center, 870 Charmaine Dr. East, Ivanhoe, TX. at 6:30 PM.
The Ivanhoe City Council proposes to use the increase in total tax revenue for the purpose of maintaining streets and dams, providing law enforcement and judicial service and general operations of the City.
© 2017 - Ivanhoe, Texas
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