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Posted on: August 5, 2020

2020 Notice of Tax Rates in City of Taylor

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Prior to the passage of Senate Bill (S.B.) 2, most cities provided notice of their property tax rates pursuant to Local Government Code Section 140.010. That statute was repealed by S.B. 2 and replaced with the following required notice of the city’s tax rate:

2020 Notice of Tax Rates in City of Taylor

By August 7th or as soon thereafter as practicable, the designated officer or employee of a city must post notice on the city’s website, in the form prescribed by the comptroller, the following: (1) the no-new-revenue tax rate and the voter-approval tax rate, along with an explanation of how they were calculated; (2) the estimated amount of interest and sinking fund balances and the estimated amount of maintenance and operation or general fund balances remaining at the end of the current fiscal year that are not encumbered with or by corresponding existing debt obligations; and (3) a schedule of the city’s debt obligations. TEX. TAX CODE § 26.04(e).