NOTICE OF 2020
TAX YEAR PROPOSSED PROPERTY TAX RATE FOR CAMERON COUNTY DRAINAGE DISTRICT #1
A tax rate of $0.033 per $100 valuation has been proposed by the governing body of Cameron County Drainage District #1. This rate exceeds NO-NEW REVENUE TAX RATE AND LOWER THAT THE VOTER-APPROVAL TAX RATE, and state law requires that a public hearing be held by the governing body before adopting the proposed tax rate.
The governing body of Cameron County Drainage District #1 proposes to use revenue attributable to the tax rate increase for the purpose of General Maintenance and Operations.
PROPOSED TAX RATE
$0.03300 per $100
PRECEDING YEAR’S TAX RATE
$0.03300 per $100
NO-NEW REVENUE TAX RATE
$0.03051 per $100
VOTER-APPROVAL TAX RATE
$0.03322 per $100
The NO-NEW REVENUE tax rate is the total rate needed to raise the same amount of property tax revenue for Cameron County Drainage District #1 from the same properties in both the 2019-20 tax year and the 2020-21 tax year.
The VOTER-APPROVAL tax rate is the highest tax rate that Cameron County Drainage District #1 may adopt before having to call for an election to approve the VOTER-APPROVAL tax 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
Unencumbered M&O Fund Balance at September 30, 2020 is $772,457
For assistance or detailed information about the tax rate calculations, please contact:
Tony Yzaguirre, Jr.
Cameron County Tax Assessor Collector
835 E. Levee St
Brownsville, TX 78520 956-544-0800
Cameron County Drainage District #1
District Headquarters, 3510 Old Port Isabel Road, Brownsville, Texas
Name of person preparing this notice: Albert Barreda
Title: Chief of Operations General Manager
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