THE CITY OF CORSICANA PLANS TO ADOPT THE 2014 TAX YEAR (2015 FISCAL YEAR) TAX RATE AT $0.6272/$100 VALUATION, WHICH WILL RAISE MORE TAXES FOR MAINTENANCE AND OPERATIONS THAN LAST YEAR'S TAX RATE. THE TAX RATE WILL RAISE MORE TAXES FOR MAINTENANCE AND OPERATIONS THAN LAST YEAR’S TAX RATE (statement required by Tax Code 26.05 (b) (2) (A)); and
THE TAX RATE WILL EFFECTIVELY BE RAISED BY 3.703 PERCENT (PERCENTAGE BY WHICH PROPOSED TAX RATE EXCEEDS THE EFFECTIVE MAINTENANCE AND OPERATIONS RATE) AND WILL RAISE MORE TAXES FOR MAINTENANCE AND OPERATIONS ON A $100,000 HOME BY APPROXIMATELY $22.40, (statement required by Tax Code 26.05 (b) (2) (B)).