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E DAILY RECORD • San Marcos, TX - Friday, August 19,201(i • Page 3 <br />NOTICE OF 2016 TAX YEAR PROPOSED <br />PROPERTY TAX RATE FOR CITY OF SA <br />MARCOS <br />A tax rate of $0.5302, per $100 valuation has been proposed for adoption by <br />the governing body of City of San Marcos. This rate exceeds the lower of <br />the effective or rollback tax rate, and state law requires that two public <br />hearings be held by the governing body before adopting the proposed tax <br />rate. <br />The governing body of City, of San Marcos proposes to use revenue <br />attributable to the tax rate increase for the purpose of supporting the <br />ongoing operations of the City through; additional personnel, 'equipment and <br />supplies, and contracted and professional services for Public Safety, Public'' <br />Services, Community Services and General Government. <br />PROPOSED TAX RATE $0.5302 per $100 <br />PRECEDING YEAR'S TAX RATE $0.5302 per $100 <br />EFFECTIVE TAX RATE $0.5143 per $100 <br />ROLLBACK TAX RATE $0.5743 per $100 <br />The effective tax rate is the total tax rate needed to raise the same amount <br />of property tax revenue for City of San Marcos from the same properties in <br />both the 2015 tax year and the 2016 tax year. <br />The rollback tax rate is the highest tax rate that City of San Marcos may <br />adopt before voters are entitled to petition for an election to limit the rate <br />that may be approved to the rollback rate. <br />YOUR TAXES OWED UNDER ANY OF THE ABOVE RATES CAN BE <br />CALCULATED AS FOLLOWS: <br />property tax amount= (rate) x (taxable value of your property) /100 <br />For assistance or detailed information about tax calculations, please <br />contact: <br />Luanne `Caraway <br />Hays County Tax Assessor- Collector <br />712 S. Stagecoach Trail, San Marcos, TX 78666 <br />512 -393 -5545 <br />luanne @co.hays.tx.us <br />www.ci. san- marcos.tx.us <br />You are urged to attend and express your views at the following public <br />hearings on the proposed tax rate: <br />First Hearing: September 6, 2016 at 7:00 PM at Council Chambers at City <br />Hall, 630 E. Hopkins Street, San Marcos, TX 78666. <br />Second Hearing: September 16, 2016 at 12:00 PM at Council Chambers at <br />City Hall, 630 E. Hopkins Street, San Marcos, TX 78666. <br />