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NOTICE OF 2014 TAX YEAR PROPOSED PROPERTY TAX RATE FOR CITY OF RICHARDSON
Posted Date: 8/14/2014

A tax rate of $0.63516 per $100 valuation has been proposed for adoption by the governing body of City of Richardson. 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.

PROPOSED TAX RATE $0.63516 per $100
PRECEDING YEAR'S TAX RATE  $0.63516 per $100
EFFECTIVE TAX RATE $0.61785 per $100
ROLLBACK TAX RATE $0.64862 per $100

The effective tax rate is the total tax rate needed to raise the same amount of property tax revenue for City of Richardson from the same properties in both the 2013 tax year and the 2014 tax year.

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

Pamela A. Gidney
City of Richardson Tax Assessor-Collector
411 W. Arapaho Road, Richardson, Texas 75080
972-744-4152
vtax@cor.gov
www.cor.net

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

First Hearing: August 18, 2014 at 6:00 PM at City of Richardson Council Chamber.

Second Hearing: August 25, 2014 at 7:30 PM at City of Richardson Council Chamber.