What exactly will be on the taxpayer notification form?

(A) The revenue neutral rate of each taxing subdivision relevant to the taxpayer’s property.

(B) The proposed property tax revenue needed to fund the proposed budget of the taxing subdivision - if the taxing subdivision notified the county clerk of its proposed intent to exceed its revenue neutral rate.

(C) The proposed tax rate based upon the proposed budget and the current year’s total assessed valuation of the taxing subdivision - if the taxing subdivision notified the County Clerk of its proposed intent to exceed its revenue neutral rate.

(D) The tax rate and property tax of each taxing subdivision on the taxpayer’s property from the previous year’s tax statement.

(E) The appraised value and assessed value of the taxpayer’s property for the current year.

(F) The estimates of the tax for the current tax year on the taxpayer’s property based on the revenue neutral rate of each taxing subdivision and any proposed tax rates that exceed the revenue neutral rates.

(G) The difference between the estimates of tax based on the proposed tax rate and the revenue neutral rate on the taxpayer’s property described in subparagraph (F) for any taxing subdivision that has a proposed tax rate that exceeds its revenue neutral rate; and

(H) The date, time, and location of the public hearing of the taxing subdivision, if the taxing subdivision notified the county clerk of its proposed intent to exceed its revenue neutral rate.

Note: The taxpayer notification form is NOT a bill.

Show All Answers

1. What is Revenue Neutral?
2. What is the Revenue Neutral Rate (RNR)?
3. Why would taxing entities/jurisdictions want to increase revenue?
4. Will my property taxes increase as much as my appraised value increased?
5. What is the Estimated Tax Notice Information?
6. Why are we letting you know about the taxpay notification form and RNR?
7. What exactly will be on the taxpayer notification form?