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Date:
August 15, 2017
Time:
10:00 AM - 12:00 PM
Time Details:
This is a special meeting for City Council regarding the next fiscal year budget. It is scheduled to be held in the Council Chamber. Please check the agenda when posted for more information.
Location:
City Hall
Address:
300 N Loraine
Midland, TX 79701
Council Chamber
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City Council Meeting (Special Budget)

Tuesday, August 15, 2017


NOTICE OF 2017 TAX YEAR PROPOSED 
PROPERTY TAX RATE FOR CITY OF MIDLAND

A tax rate of $0.408389 per $100 valuation has been proposed for adoption by the governing body of City of Midland. 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 Midland proposes to use revenue attributable to the tax rate increase for the purpose of Street Improvement Projects. 

PROPOSED TAX RATE

$0.408389 per $100

PRECEDING YEAR'S TAX RATE

$0.399679 per $100

EFFECTIVE TAX RATE

$0.396494 per $100

ROLLBACK TAX RATE

$0.426987 per $100


The effective tax rate is the total tax rate needed to raise the same amount of property tax revenue for City of Midland from the same properties in both the 2016 tax year and the 2017 tax year. 

The rollback tax rate is the highest tax rate that City of Midland 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: 

Pam Simecka

Finance Director

300 N Loraine, Midland, Texas

432-685-7210

psimecka@midlandtexas.gov

The Proposed Budget can be found on our website located at www.midlandtexas.gov.

You are urged to attend and express your views at the following public hearings on the proposed tax rate: 

First Hearing: August 15, 2017 at 10:00am at City Council Chamber, 300 N. Loraine, Midland Texas.
Second Hearing: August 22, 2017 at 10:00am at City Council Chamber, 300 N. Loraine, Midland Texas 

The Midland City Hall and Council Chamber are wheelchair accessible. If you need special assistance to participate in this meeting, please contact the City Secretary’s Office at (432) 685-7430. Notification 48 hours prior to the meeting will enable the City to make reasonable arrangements to ensure accessibility to this meeting.