HomeMy WebLinkAbout(1) PRESENTATION PH tax rateFY 2020-2021
Proposed Budget
Public Hearing – Tax Rate
September 8, 2020
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Proposed Tax Rates
FY 2020-2021
Calculated by Jefferson County Tax Assessor:
No-New Revenue Tax Rate .781411
Voter Approval Tax Rate .814427
Proposed Tax Rate: .792000
Current Year Tax Rate .792000
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Proposed Tax Rates
FY 2020-2021
Effective Tax Rate = No New Revenue Tax Rate
Basically the tax rate needed to generate the same amount of taxes as last year
Rollback Rate = Voter Approval Tax Rate
The highest tax rate a taxing unit can adopt without holding an election
The Proposed Tax Rate is Greater that the No-New Revenue Tax Rate
This means that the City is proposing to increase the Taxes for FY2020-2021
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