The City of Seadrift will hold a meeting at 7:00 PM on September 6, 2011 at City Hall, 501 South Main, to consider adopting a proposed tax rate for tax year 2011 – 2012

The proposed tax rate is $0.421900 per $100 of value. This is the same tax rate as last year

The proposed tax rate would increase total tax revenue in the City of Seadrift by 7.0492%
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Comparison of last year’s tax rate and proposed tax rate for Maintenance & Operations and Debt Service:

M & O Debt
Last Year’s Tax Rate per $100: $0.421900 $0.00
Proposed Tax Rate per $100: $0.421900 $0.00

Last Year’s Calculated Revenue: $231,914.00
Proposed Calculated Revenue: $249,502.00