Welcome to the City of Tioga!
2014 Proposed Tax Rate Information
** Please Read Below or click link for complete posting **
A tax rate of $0.562945 per $100 valuation has been proposed for adoption by the governing body of the CITY OF TIOGA. This rate exceeds the lower of the effective or rollback tax rate, and state law requires that two public hearing be held by the governing body before adopting the proposed tax rate.
PROPOSED TAX RATE $0.562945 per $100
PRECEDING YEAR’S TAX RATE $0.562945 per $100
EFFECTIVE TAX RATE $0.546284 per $100
ROLLBACK TAX RATE $0.589986 per $100
The effective tax rate is the total rate needed to raise the same amount of property tax or revenue for the CITY OF TIOGA from the same properties in both the 2013 year and 2014 tax year.
The rollback rate is the highest tax rate that the CITY OF TIOGA 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:
Grayson County Tax Assessor/Collector
100 West Houston, Suite 11, Sherman, Texas 75090
You are urged to attend and express your views at the following public hearings on the proposed tax rate:
First Hearing: August 25, 2014, at 7:00 pm at Tioga City Hall, 600 Main Street, Tioga, Texas 76271
Second Hearing: August 29, 2014, at 7:00 pm at Tioga City Hall, 600 Main Street, Tioga, Texas 76271