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NOTICE OF 2019 TAX YEAR PROPOSED PROPERTY TAX RATE FOR CITY OF DENTON

The City of Denton has proposed a tax rate of $0.628802 per $100 valuation for the 2019 tax year. Two public hearings will be held before adopting the proposed rate. The revenue generated from the rate increase will be used for maintenance, operation expenses, and debt service.

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NOTICE OF 2019 TAX YEAR PROPOSED PROPERTY TAX RATE FOR CITY OF DENTON

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  1. NOTICE OF 2019 TAX YEARPROPOSED PROPERTY TAX RATE FOR CITY OF DENTON A tax rate of $0.628802 per $100 valuation has been proposed for adoption by the governing body of the City of Denton. This tax rate will exceed 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 the City of Denton proposes to use revenue attributable to the tax rate increase for the purpose of paying maintenance and operation expenses, and debt service.

  2. NOTICE OF 2019 TAX YEARPROPOSED PROPERTY TAX RATE FOR CITY OF DENTON PROPOSED TAX RATE $0.628802per $100 PRECEDING YEAR’S TAX RATE $0.620477 per $100 EFFECTIVE TAX RATE $0.590454per $100 ROLLBACK TAX RATE $0.633033per $100

  3. NOTICE OF 2019 TAX YEARPROPOSED PROPERTY TAX RATE FOR CITY OF DENTON The effective tax rate is the total tax rate needed to raise the same amount of property tax revenue for the City of Denton from the same properties in both the 2018tax year and the 2019tax year. The rollback tax rate is the highest tax rate the City of Denton may adopt before voters are entitled to petition for an election to limit the rate that may be approved to the rollback rate.

  4. NOTICE OF 2019 TAX YEARPROPOSED PROPERTY TAX RATE FOR CITY OF DENTON 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:

  5. NOTICE OF 2019 TAX YEARPROPOSED PROPERTY TAX RATE FOR CITY OF DENTON Michelle French Denton County Tax Assessor-Collector 1505 E. McKinney Street, Denton, TX, 76209 940-349-3500 Property.Tax@dentoncounty.com http://tax.dentoncounty.com

  6. NOTICE OF 2019 TAX YEARPROPOSED PROPERTY TAX RATE FOR CITY OF DENTON You are urged to attend and express your views at the following public hearings on the proposed tax rate: First Hearing: 6:30 p.m. August 20, 2019 - City Hall, 215 E. McKinney Street, Denton, TX, 76201 Second Hearing: 6:30 p.m. September 10, 2019 - City Hall, 215 E. McKinney Street, Denton, TX, 76201

  7. NOTICE OF PUBLIC HEARING ON BUDGET The City Council for the City of Denton, Texas, will hold a public hearing on the Fiscal Year 2019-20 Annual Program of Services (Budget), on Tuesday, September 10, 2019 at 6:30 p.m. in the City Council Chambers at City Hall, located at 215 East McKinney Street in Denton, Texas, 76201. The meeting will be held for the purpose of receiving community input on the Budget.

  8. NOTICE OF PUBLIC HEARING ON BUDGET THIS BUDGET WILL RAISE MORE PROPERTY TAXES THAN LAST YEAR’S BUDGET BY $6,146,179 OR 8.73%AND OF THAT AMOUNT $2,431,220 IS TAX REVENUE TO BE RAISED FROM NEW PROPERTY ADDED TO THE TAX ROLL THIS YEAR. All interested citizens are encouraged to attend and express their views.

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