City of Meadows Place News

Notice Of 2015 Tax Year Proposed Property Tax Rate For City Of Meadows Place

A tax rate of $0.868000 per $100 valuation has been proposed for adoption by the governing body of City of Meadows Place. 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 $0.868000 per $100
PRECEDING YEAR’S TAX RATE $0.895000 per $100
EFFECTIVE TAX RATE $0.826852 per $100
ROLLBACK TAX RATE $0.868279 per $100

The effective tax rate is the total tax rate needed to raise the same amount of property tax revenue for City of Meadows Place from the same properties in both the 2014 tax year and the 2015 tax year.

The rollback tax rate is the highest tax rate that City of Meadows Place 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:

Patsy Schultz
Fort Bend County Tax Assessor Collector
1317 Eugene Heimann Circle, Richmond, TX 77469 281-341-3735
patsy.schultz@fortbendcountytx.gov
www.fortbendcountytx.gov

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

First Hearing: September 3, 2015 at 7:15 PM at CityHall, One Troyan Drive, Meadow Place, TX 77477.

Second Hearing: September 8, 2015 at 7:00 PM at CityHall, One Troyan Drive, Meadow Place, TX 77477.

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