Notice of 2019 TAX YEAR PROPOSED PROPERTY TAX RATE FOR CITY OF TOM BEAN

A tax rate of $0.535992 per $100 valuation has been proposed by the governing body of CITY OF TOM BEAN.

PROPOSED TAX RATE $0.535992 per $100
PRECEDING YEAR’S TAX RATE $0.567362 per $100
EFFECTIVE TAX RATE $0.535992 per $100

The effective tax rate is the total tax rate needed to raise the same amount of property tax revenue for CITY OF TOM BEAN from the same properties in both the 2018 tax year and the 2019 tax year.

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:

Bruce Stidham
Grayson County Tax Assessor/Collector 100 W. Houston St., Ste 11, Sherman, TX 903.813.4223
[email protected] tx. us
http://www. tombean.net