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Notice of Public Hearing on Tax Increase

NOTICE OF PUBLIC HEARING ON TAX INCREASE

 

A tax rate of $ .549061 per $100 valuation has been proposed by the governing body of CITY OF SMITHVILLE.

PROPOSED TAX RATE                      $ .549061 per $100

NO-NEW-REVENUE TAX RATE        $ .542752 per $100

VOTER-APPROVAL TAX RATE          $ .549061 per $100

The no-new-revenue tax rate is the tax rate for the 2020 tax year that will raise the same amount of property tax revenue for CITY OF SMITHVILLE from the same properties in both the 2019 tax year and the 2020 tax year.

The voter-approval rate is the highest tax rate that CITY OF SMITHVILLE may adopt without holding an election to seek voter approval of the rate.

The proposed tax rate is greater than the no-new-revenue tax rate.  This means that CITY OF SMITHVILLE is proposing to increase property taxes for the 2020 tax year.

A PUBLIC HEARING ON THE PROPOSED TAX RATE WILL BE HELD ON September 9, 2020 at 5:00 pm in the Council Chambers of City Hall, 317 Main Street, Smithville, TX 78957.

The proposed tax rate is not greater than the voter-approval tax rate.  As a result, the CITY OF SMITHVILLE is not required to hold an election at which voters may accept or reject the proposed tax rate.  However, you may express your support for or opposition to the proposed tax rate by contacting the members of the City Council of the CITY OF SMITHVILLE at their offices or by attending the public hearing mentioned above. 

YOUR TAXES OWED UNDER ANY OF THE TAX RATES MENTIONED ABOVE CAN BE CALCULATED AS FOLLOWS:

Property Tax amount = (tax rate) X (taxable value of your property) / 100

The members of the governing body voted on the proposed tax increase as follows:

FOR:   Joanna Morgan, William Gordon, Cassie Barrientos, Sharon Foerster

AGAINST: 

PRESENT and not voting: 

ABSENT:  Jason Hewitt

The 86th Legislature modified the manner in which the voter-approval tax rate is calculated to limit the rate of growth of property taxes in the state. 

The following table compares the taxes imposed on the average residence homestead by CITY OF SMITHVILLE last year to the taxes proposed to be imposed on the average residence homestead by CITY OF SMITHVILLE this year. 

 

2019

2020

Change

Total Tax Rate (per $100 of value)

0.569020

0.549061

Decrease of .019959 per $100 or 3.5%

Average homestead taxable value

$162,541

$168,970

Increase of 3.95%

Tax on average homestead

$924.89

$927.75

Increase of $2.86 or .31%

Total tax levy on all properties

$1,565,990

$1,597,738

Increase of $31,748 or 2.03%

 

For Assistance with tax calculations, please contact the tax assessor for CITY OF SMITHVILLE at 512-581-7161 or joyce.schanhals@co.bastrop.tx.us,   the Finance Director for CITY OF SMITHVILLE at 512-237-3282 x 2122 or cwhite@ci.smithville.tx.us, or visit www.ci.smithville.tx.us for more information.

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