The City of Allen conducted Public Hearings on August 14 and 28, 2012, on a proposal to increase the total tax revenues of the City of Allen from properties on the tax roll in the preceding year by 3.54 percent.
The total tax revenue proposed to be raised last year at last year's tax rate of $0.553000 for each $100 of taxable value was $42,061,123.
The total tax revenue proposed to be raised this year at the proposed tax rate of $0.553000 for each $100 of taxable value, excluding tax revenue to be raised from new property added to the tax roll this year, is $42,834,516.
The total tax revenue proposed to be raised this year at the proposed tax rate of $0.553000 for each $100 of taxable value, including tax revenue to be raised from new property added to the tax roll this year, is $43,741,446.
Allen City Council is scheduled to vote on the tax rate that will result in that tax increase at a public meeting to be held on September 11, 2012, at Allen City Hall, 305 Century Parkway, Allen, Texas 75013 at 7 p.m.