Budget Hearings - proposed 2019-20 Budget

Posted on 09/04/2019
A tax rate of $ .59472 per $100 valuation has been proposed for adoption by the governing body of City of Willow Park. 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.

PROPOSED TAX RATE $ .59472 per $100

PRECEDING YEAR’S TAX RATE $ .53670 per $100

EFFECTIVE TAX RATE $ .46438 per $100

ROLLBACK TAX RATE $ .59472 per $100

The effective tax rate is the total tax rate needed to raise the same amount of property tax revenue for City of Willow Park from the same properties on both the 2018 tax year and the 2019 tax year.

The rollback tax rate is the highest tax rate that City of Willow Park 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 calculation, please contact:

Larry Hammonds
Parker County Tax Assessor-Collector
1108 Santa Fe Drive, Weatherford, Texas 76086

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

First Hearing: September 10th @ 6:30 pm at City Hall, 516 Ranch House Rd, Willow Park, TX

Second Hearing: September 17 th @ 6:30 pm at City Hall, 516 Ranch House Rd, Willow Park, TX Rate

Adoption: September 24th @ 7:00 pm at City Hall, 516 Ranch House Rd, Willow Park, TX

To view the proposed budget, click here.

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