Van Alstyne to Consider Tax Increase - KTEN.com - No One Gets You Closer

Van Alstyne to Consider Tax Increase

Posted:

VAN ALSTYNE, TX -- Wednesday night, the Van Alstyne City Council will vote to increase the city tax by an additional 6-cents.  If approved, it would bring in anywhere between $40,000-60,000 of additional revenue to the city. 

This is the actual public notice from the city:

The CITY OF VAN ALSTYNE conducted

public hearings on September 7, 2010 and

September 10, 2010 on a proposal to

increase the total tax revenues of the CITY

OF VAN ALSTYNE from properties on the

tax roll in the preceding year by 6.09

percent.

The total tax revenue proposed to be raised

last year at last year's tax rate of $0.649990

for each $100 of taxable value was

$892,371.

The total tax revenue proposed to be raised

this year at the proposed tax rate of

$0.703545 for each $100 of taxable value,

excluding tax revenue to be raised from new

property added to the tax roll this year, is

$937,615.

The total tax revenue proposed to be raised

this year at the proposed tax rate of

$0.703545 for each $100 of taxable value,

including tax revenue to be raised from new

property added to the tax this year, is

$955,249.

The CITY OF VAN ALSTYNE is

scheduled to vote on the tax rate that will

result in that tax increase at a public meeting

to be held on September 15, 2010 at 7:00

p.m. at the Van Alstyne Community Center,

262 N. Preston, Van Alstyne, Texas.

NOTICE

Of Tax Revenue Increase