Local News
City of Bonham Truth In Taxation FY 2018 Budget
By City of Bonham
Sep 13, 2017
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Bonham -- The Current tax rate assessment for the City of Bonham, TX is .6700 per $100 of taxable value.

The Rollback Rate is .6864 per $100 of taxable value which is the highest tax rate that can be assessed without the threat of a petition for a public vote to be held on the tax rate. 

The Effective Rate is .6366 per $100 of taxable value which is the tax rate that if assessed, would result in no tax increase.

Included in each tax rate is .1415 per $100 of taxable value which is pledged for nonrevenue supported City Debt.

The proposed Budget is utilizing the Rollback Rate of .6864 per $100 of taxable value which will result in an increase in taxes of $172,482.