Page 84 - Forest Hill FY20 Annual Budget

CITY OF FOREST HILL
NOTICE OF 2019 TAX YEAR
PROPOSED PROPERTY TAX RATE
AND NOTICE OF PUBLIC HEARINGS
FOR CITY OF FOREST HILL, TEXAS

A tax rate of $0.992873 per $100 valuation has been proposed for adoption by the governing body of
City of Forest Hill, Texas. 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.

The governing body of City of Forest Hill, Texas proposes to use revenue attributable to the tax rate
increase for the purpose of the continued operations and services and the payment of debt.

PROPOSED TAX RATE $0.992873 per $100
PRECEDING YEAR'S TAX RATE $0.992873 per $100
EFFECTIVE TAX RATE $0.858488 per $100
ROLLBACK TAX RATE $0.886962 per $100

The effective tax rate is the total tax rate needed to raise the same amount of property tax revenue for
City of Forest Hill, Texas from the same properties in both the 2018 tax year and the 2019 tax year.

The rollback tax rate is the highest tax rate that City of Forest Hill 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:
Wendy Burgess
Tarrant County Tax Assessor-Collector
100 E Weatherford St., Room 105, Fort Worth, TX 76196-0301
817-884-1100
taxoffice@tarrantcounty.com
www.tarrantcounty.com

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

First Hearing: 6pm August 20, 2019, at 3219 E California Parkway Forest Hill, TX 76119
Second Hearing: 6pm September 3, 2019, at 3219 E California Parkway Forest Hill, TX 76119

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