NOTICE

TOWN OF FULTON

PUBLIC HEARING

REGARDING PROPOSED BUDGET

FOR 2019-20 FISCAL YEAR

Monday, September 9, 2019

5:00PM

The Town of Fulton will hold a PUBLIC HEARING in the Town of Fulton Council Chambers located at 201 North 7^th Street, Fulton, Texas, to discuss the FY 2019-20 budget proposed for adoption by the governing body of the Town of Fulton.

This budget will raise more total property taxes than last year's budget by $25,046 or 5.17%, and of that amount, $10,812 is tax revenue to be raised from new property added to the tax roll this year.

The Town of Fulton encourages citizens to participate and make their views known at this Public Hearing. The facility and parking spaces where this meeting is to be held are handicap accessible.

NOTICE OF 2019 TAX YEAR PROPOSED
PROPERTY TAX RATE FOR TOWN OF FULTON

Printable Notice

A tax rate of $0.239990 per $100 valuation has been proposed for adoption by the governing body of Town of Fulton. 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 Town of Fulton proposes to use revenue attributable to the tax rate increase for the purpose of street repairs and funding essential governing services.

PROPOSED TAX RATE	$0.239990 per $100
PRECEDING YEAR'S TAX RATE	$0.262272 per $100
EFFECTIVE TAX RATE	$0.232767 per $100
ROLLBACK TAX RATE	$0.242022 per $100

The effective tax rate is the total tax rate needed to raise the same amount of property tax revenue for Town of Fulton from the same properties in both the 2018 tax year and the 2019 tax year.

The rollback tax rate is the highest tax rate that Town of Fulton 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:

Jeri D. Cox
Tax Assessor-Collector, Aransas County
Aransas County Tax Office, 319 N Church St, Rockport
TX 78382
361-790-0160
jcox@aransascounty.org
www.aransascountytx.gov

You are urged to attend and express your views at the following public hearings on the proposed tax rate:

First Hearing: August 19, 2019 at 7:00 PM at Fulton Town Hall, 201 N. 7th Street, Fulton, Texas.

Second Hearing: August 22, 2019 at 5:00 PM at Fulton Town Hall, 201 N. 7th Street, Fulton, Texas.