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Posted on: September 6, 2019

Notice of Public Hearing on Tax Revenue Increase

Notice of Tax Revenue Increase


The City of Gainesville conducted public hearings on August 20, and September 3, 2019 on a proposal to increase the total tax revenues of the City of Gainesville from properties on the tax roll in the preceding year by 1.46 percent.


The total tax revenue raised last year at last year’s tax rate of $0.722540 for each $100 of taxable value was $7,480,859.


The total tax revenue proposed to be raised this year at the proposed tax rate of $0.696290 per $100 of taxable value, excluding tax revenue to be raised from new property added to the tax roll this year, is $7,525,559.


The total tax revenue proposed to be raised this year at the proposed tax of $0.696290 per $100 of taxable value, including tax revenue to be raised from new property added to the tax roll this year, is $7,694,312.


The City Council of the City of Gainesville is scheduled to vote on the tax rate that will result in that tax increase at a public meeting to be held on September 17, 2019 at City Hall, 200 South Rusk Street, Gainesville, TX 76240, at 6:30 p.m.

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