HomeMy WebLinkAboutItem 06 - Tax Rate s
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T F t IA �S
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FWD If
FY20 Public Hearing
Tax Rate
presented by
Greg Jordan
August 20, 2019
X-NIN I E
Public Hearing # 1
. First of two public hearings
. '/2 Cent Rate Reduction
. FY20 Proposed Tax Rate $0 . 284271
.
FY1 9 Current Tax Rate $0 . 289271
VIN E.
Tax Rate Comparison ;
Texas Cities with Population > 50,000
0.9
0.8
0.7
0.6 Grapevine FY20
0.284271
0.5
0.4
0.3
0.2
0.1
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Sources: Tax Rate: https://comptroller.texas.gov "
Population https://en.wil<ipedia.org/wil<i/List_of— _cities_in_Texas_bypopulation
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Tax Rate Comparison
0.900
0.800 0.785
0.700 0.635
0.600 0.562 0.585
0.500 0.413 0.439 0.446 0.447 0.463
0.400
0.321
0.300 0.284
0.200
0.100
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Grapevine Proposed Tax Rate for FY2020
All Other Tax Rates FY19 per TAD updated October 3, 2018 4
7R A E
Average Single-Family Tax Bill
$3,000
$2,678
$2,500
$2,000
$1,773 $1,794
$1,500
$1,175 $1,236 $1,253 $1,470 $1,531
$989
$1,000 $782 $847
$500
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As of July 22,2019 per TAD "Average Value of Single-Family Residence" Net Taxable Value
*As of July 19, 2019 per Denton CAD "Average Residence Value Report" Average Taxable
5
-NIN I E
Next Steps
: September 3 Second Public Hearing
on Tax Rate
September 3 Budget Public Hearing
September 17 Budget ant Tax Rate
Adoption
s
vi
T F t IA �S
r
FWD If
FY20 Public Hearing
Tax Rate
presented by
Greg Jordan
August 20, 2019