Notice of Tax Revenue Increase

The Grayson College Board of Trustees conducted public hearings on August 18, 2014 and August 22, 2014 on a proposal to increase the total tax revenues of the Grayson College District from properties on the tax roll in the preceding year by 4.07 percent.

 

The total tax revenue proposed to be raised last year at last year's tax rate of $0.181610 for each $100 of taxable value was $11,502,544.

 

The total tax revenue proposed to be raised this year at the proposed tax rate of $0.181500 for each $100 of taxable value, excluding tax revenue to be raised from new property added to the tax roll this year, is $11,939,743.

 

The total tax revenue proposed to be raised this year at the proposed tax rate $0.181500 for each $100 of taxable value, including tax revenue to be raised from new property added to the tax roll this year, is $12,331,698.

 

The Grayson College Board of Trustees is scheduled to vote on the tax rate that will result in that tax increase at a public meeting to be held on August 26, 2014 at 6:45 p.m. in the Grayson College Main Campus Administrative Services Building Board Room, 6101 Grayson Drive, Denison, TX.