Notice of tax revenue increase

NOTICE OF TAX REVENUE INCREASE

The City of Petersburg, Texas conducted public hearings on August 28th, 2018 and September 4th, 2018 on a proposal to increase the total tax revenues of the City of Petersburg from properties on the tax roll in the preceding year by 2.90%.

The total tax revenue raised last year at last year’s tax rate of $0. 9429 for each $100 of taxable value was $258,716.00.

The total tax revenue proposed to be raised this year at the proposed tax rate of $0.9429 for each $100 of taxable value, excluding tax revenue to be raised from new property added to the tax roll this year is $265,091.00

The total tax revenue proposed to be raised this year at the proposed tax rate of $0.9429 for each $100 of taxable value, including tax revenue to be raised from new property added to the tax roll this year is $266,246.00.

The Petersburg 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 September 11th, 2018 at City Hall, 1524 Main Street, Petersburg, Texas at 6:30 p.m.