NOTICE OF 2018 TAX YEAR PROPOSED
PROPERTY TAX RATE FOR CITY OF
A tax rate of $0.445000 per $100 valuation has been proposed for adoption by the governing body of CITY
OF JEFFERSON. 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 JEFFERSON proposes to use revenue attributable to the tax rate increase
for the purpose of maintenance and operations in the general fund expenditures and to build reserves.
PROPOSED TAX RATE $0.445000 per $100
PRECEDING YEAR’S TAX RATE $0.445000 per $100
EFFECTIVE TAX RATE $0.438259 per $100
ROLLBACK TAX RATE $0.473310 per $100
The effective tax rate is the total tax rate needed to raise the same amount of property tax revenue for CITY
OF JEFFERSON 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 JEFFERSON 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
property tax amount= (rate) x (taxable value of your property)/100
For assistance or detailed information about tax calculations, please contact:
Karen G. Jones, PCC
114 West Austin Rm. 100, Jefferson, TX 75657
You are urged to attend and express your views at the following public hearings on the proposed tax rate:
First Hearing: September 6, 2018 at 5:30 PM at 102 N Polk Street, Jefferson, TX 75657.
Second Hearing: September 11, 2018 at 5:30 PM at 102 N Polk Street, Jefferson, TX 75657