Today, the Duncanville City Council met for a workshop on the FY 2016-17 Proposed Budget. Click here to view the power point presentation. For questions on the proposed budget, please contact the Finance Director at 972-780-5005.
A tax rate of $0.758447 per $100 valuation has been proposed for adoption by the governing body of City of Duncanville. This rate exceeds the lower of the effective or rollback tax rate, and state law requires that two public hearings be held by the governing body before adopting the proposed tax rate.
The governing body of City of Duncanville proposes to use revenue attributable to the tax rate increase for the purpose of funding ongoing maintenance and operations including streets, parks, and municipal buildings and facilities.
PROPOSED TAX RATE $0.758447 per $100
PRECEDING YEAR’S TAX RATE $0.758447 per $100
EFFECTIVE TAX RATE $0.704578 per $100
ROLLBACK TAX RATE $0.763848 per $100
The effective tax rate is the total tax rate needed to raise the same amount of property tax revenue for City of Duncanville from the same properties in both the 2015 tax year and the 2016 tax year.
The rollback tax rate is the highest tax rate that City of Duncanville may adopt before voters are entitled to petition for an election to limit the rate that may be approved to the rollback rate.
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:
John R. Ames, PCC, CTA
Dallas County Tax Assessor/Collector
1201 Elm Street, Suite 2600, Dallas TX
You are urged to attend and express your views at the following public hearings on the proposed tax rate:
First Hearing: August 16, 2016 at 7:00 pm at 203 E. Wheatland, Duncanville, TX.
Second Hearing: September 13, 2016 at 7:00pm at 203 E. Wheatland, Duncanville, TX.
Sales Tax is paid on the sales of certain goods and services. It is an important indicator of the financial viability of our community. Sales tax is one of the top revenue sources for Duncanville’s general City operations and makes up 24% of the current General Fund Revenue Budget. Duncanville shoppers pay a sales tax rate of 8.25%, which is $.0825 for every taxable $1.00 spent. Of the 8.25% total sales tax rate, 2.0% goes to the City and 6.25% goes to the State of Texas.
$715,881 – Duncanville Sales Tax Revenue for the month of July 2016
This is a 17% increase or $104,908 more than the same month last year (July 2015)
Where does the total 8.25% sales tax go?
6.25% State of Texas
1.00% Duncanville General Fund
0.50% Duncanville General Fund for Property Tax Relief
0.50% Duncanville Community Economic Development Corporation
8.25% Total Sales Rate
This is a test post for practice purposes. The Duncanville Finance staff is proud to have successfully supplied its very first post!