Notice of Tax Rate
Published on September 10, 2021
Property Tax Rates in City of Penitas
This notice concerns the 2021 property tax rates for the City of Penitas. This notice provides information about two tax rates used in adopting the current tax year's tax rate. The no-new-revenue tax rate would impose the same amount of taxes as last year if you compare properties taxed in both years. In most cases, the voter-approval tax rate is the highest tax rate a taxing unit can adopt without holding an election. In each case, these rates are calculated by dividing the total amount of taxes by the current taxable value with adjustments as required by state law. The rates are given per $100 of property value. This year's no-new-revenue tax rate: $0.5124/$100. This year's voter-approval tax rate: $0.5750/$100.
View the entire Notice at: CPN Notice of Tax Rate 09-10.pdf