A tax rate of $.12535816 per $100 valuation has been proposed by the governing body of Weatherford College of the Parker County Junior College District.
PROPOSED TAX RATE $.12535816 per $100
NO-NEW-REVENUE TAX RATE $.11606300 per $100
VOTER-APPROVAL TAX RATE $.12537036 per $100
The no-new-revenue tax rate is the tax rate for the 2020 tax year that will raise the same amount of property tax revenue for Weatherford College from the same properties in both the 2019 tax year and the 2020 tax year.
The voter-approval rate is the highest tax rate that Weatherford College may adopt without holding an election to seek voter approval of the rate.
The proposed tax rate is greater than the no-new-revenue tax rate. This means that Weatherford College is proposing to increase property taxes for the 2020 tax year.
A PUBLIC HEARING ON THE PROPOSED TAX RATE WILL BE HELD ON Monday, August 24 at Noon in the Allene Strain Community Room of the Doss Student Center, Weatherford College.
The proposed tax rate is not greater than the voter-approval tax rate. As a result, Weatherford College is not required to hold an election at which voters may accept or reject the proposed tax rate. However, you may express your support for or opposition to the proposed tax rate by contacting the members of the Institutional Advancement Office of Weatherford College at their offices or by attending the public hearing mentioned above.
YOUR TAXES OWED UNDER ANY OF THE TAX RATES MENTIONED ABOVE CAN BE CALCULATED AS FOLLOWS:
Property tax amount = ( tax rate ) x ( taxable value of your property ) / 100
FOR the proposal: Sue Coody, Dr. Trev Dixon, Dr. Robert Marlett, Lela Morris
AGAINST the proposal: None
PRESENT and not voting: None
ABSENT: Judy McAnally, Mac Smith
The 86th Legislature modified the manner in which the voter-approval tax rate is calculated to limit the rate of growth of property taxes in the state.
The following table compares the taxes imposed on the average residence homestead by Weatherford College last year to the taxes proposed to be imposed on the average residence homestead by Weatherford College this year.
| |
2019 |
2020 |
Change |
Total tax rate
(per $100 of value) |
Adopted tax rate 0.11495 |
Proposed tax rate 0.12535816 |
Increase of 0.010408 |
|
Average
homestead taxable value
|
$228,747 |
$242,840 |
Increase of $14,093 |
| Tax on average homestead |
$262.94 |
$304.42 |
Increase of $41.48 |
Total tax levy on all
properties |
$16,344,953 |
$18,516,470 |
Increase of $2,171,517 |
For assistance with tax calculations, please contact the tax assessor for Weatherford College at 817-596-0077 or parkercad@parkercad.org, or visit www.parkercad.org for more information.
