Notice of Proposed Tax Rate
A tax rate of $0.687134 per $100 valuation has been proposed by the governing body of CITY OF FERRIS. 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 effective tax rate is the total tax rate needed to raise the same amount of property tax revenue for CITY OF FERRIS from the same properties in both the 2017 tax year and the 2018 tax year. The rollback tax rate is the highest tax rate that CITY OF FERRIS may adopt before voters are entitled to petition for an election to limit the rate that may be approved to the rollback rate.