|Ballot proposition||The abolition of the local sales and use tax of one-half (1/2) of one percent for the benefit of the type B economic development corporation; repealing the sales and use tax of one-fourth (1/4) of one percent for the maintenance and repair of municipal streets; repealing the additional sales and use tax of one-fourth (1/4) of one percent for the purpose of property tax relief; increasing the local sales and use tax from the rate of one (1) percent to a rate of two (2) percent.
La supresión del impuesto local sobre las ventas y el uso de la mitad (1/2) del uno por ciento en beneficio de la corporación de desarrollo económico tipo b; derogar el impuesto sobre las ventas y el uso de una cuarta parte (1/4) del uno por ciento para el mantenimiento y reparación de las calles municipales; derogar el impuesto adicional sobre las ventas y el uso de una cuarta parte (1/4) del uno por ciento con el propósito de desgravación del impuesto sobre la propiedad; aumentar el impuesto local sobre las ventas y el uso de la tasa de uno (1) por ciento a una tasa de dos (2) por ciento.
|If I vote FOR||The city will repeal the current 0.5% sales tax for economic development, the 0.25% sales tax for street maintenance and repair, and the 0.25% sales tax for property tax relief, and increase the city’s general sales tax rate from 1% to 2%.|
|If I vote AGAINST||The city will continue to have a general sales tax rate of 1%, as well as the current sales tax rates for economic development, street maintenance, and property tax relief (totaling 1%).|
|Tax consequences||The city’s overall sales tax rate will remain the same; the city will raise its general sales tax rate from 1% to 2% and eliminate the sales taxes for economic development, street maintenance, and property tax relief (totaling 1%).|
|What is a sales and use tax?||This is the formal name for a sales tax. Individuals pay sales taxes on most goods and services in Texas.
|What is the current sales tax rate?||The base rate for the Texas sales tax is 6.25%. However, local government agencies (cities, counties, special purpose districts and transit authorities) can hold elections to increase the sales tax in their area. By law, the maximum sales tax rate (including state and local sales taxes) is 8.25%.
The current sales tax in the city of Lakeside is 8.25%.
|Resources||Contact City Secretary
817-237-1234 ext 303
|Recent News Articles|