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Form 50-876 <br />NOTICE OF PUBLIC HEARING ON TAX INCREASE <br />A tax rate of $....0.4.5373 <br />per $100 valuation has been proposed by the governing body of City of Pans . <br />PROPOSED TAX RATE <br />NO-NEW.,REVENUE TAX RATE <br />VOTER -APPROVAL TAX RATE <br />$ 0.45373 per $100 <br />0.43542$ per $100 <br />$ 0.45373, per $100 <br />The no -new -revenue tax rate is the tax rate for the 2021 tax year that will raise the same amount of property tax revenue for <br />City of Paris from the same properties in both the 2020 tax year and the 2021 tax year,, The voter -approval rate is the highest <br />tax rate that City of Paris may adopt without holding an election to seek voter approval of the rate. The proposed tax rate is <br />greater than the no -new -revenue tax rate. This means that City of Paris is proposing to increase property taxes for the 2021 <br />tax year. <br />A PUBLIC HEARING ON THE PROPOSED TAX RATE WILL BE HELD ON September 13,2021 54-30 P.M. at City Council <br />Chambers,107 E. Kaufman Street, Paris, Texas. <br />The proposed tax rate is not greater than the voter -approval tax rate. As a result, City of Paris is not required to hold an election <br />at which voters may accept or reject the proposed tax rate. However, you may express your support for or opposition to the <br />proposed tax rate by contacting the members of the City Council of City of Paris at their offices or by attending the public <br />hearing mentioned above. <br />YOUR TAXES OWED UNDER ANY OF THE TAX RATES MENTIONED ABOVE CAN BE CALCULATED AS FOLLOWS: <br />Property tax amount = (tax rate ) x ( taxable value of your property) ! 100 <br />FOR the proposal: <br />AGAINST the proposal: ... . ... ...... .... <br />- - -- - ---------- <br />PRESENT and not voting: <br />ABSENT: <br />The 86th Texas Legislature modified the manner in which the voter -approval tax rate is calculated to limit the rate of growth of <br />prop -arty taxes in the slate. The following table compares the taxes imposed on the average residence homestead by City of Paris <br />last year to the taxes proposed to the be imposed on the average residence homestead by City of Paris this year. <br />�.• Ma\w� ►a.r..w. W MioNnr...t r• . aw.a .aY1 �r\.Wr.ru, ti...1.•rl.a.r ,•.. .+ viii..w w +. .UR �► MI.' ii1Mi• • wry •!/•.� R 11 . ...... - a..a... w r w ... r • w aM! Y YMMA•r.+ rw�.�+. r r r airs v .•!.r l�ar.w r� .r1. w .. <br />\ 2020 2021 k <br />,rra •.w.. .-... ..\i1...wr.l1+...ti.}�.i{iM/i..1i•ri.Rrilir.M.♦.. /r .a.►. �...14 ..rrM..la ._.w •u..y.._ �.-_-Y••..Yww.i .mow .� .Y.V . .�w_f . <br />j' � ..+.w_.++.w w.w...w+w...il.M. \.. w .rla w �wrw\w w . w. { i. \ �\ ,. \ wAr.il•M •iri1..�.., .:..r•.r...�....a ..« Nw.�. w .a r.n..........rn�..r.....w w.w.•.. ...w..w . <br />• . w_.ww �.rw.�I+i�.+1i.11. a.wA. \Nr, ..r r+. wr..ww.....r...ti1.i..../ <br />Total tax rata(per $100 of value _ 0.4807 0.453 '3Decreaseo. 0f 0.�2?0 �r or �.�� 1. <br />.r w.•,1. M +A.I Mrwrrlr� ^w �. ' .�� w �r �. rrwrr ri.Ir. i•wi•1iaft M Y •i{.MV r.w.w a• i... «► .rte ...rwwr w •I .. fw•• M •rl► •V ,1! \awi <br />Z <br />i <br />+ ir <br />M/. <br />$979102$106,395Avera a homestead taxable vol r rw w a.1a{.a. +w.� r.r .� 4r►• in..M ••V1 M YMr..Yila./YNUH\Y� <br />Increase of $9,293 or 9,57%, <br />F i•/.M w s �ya/ i1...aM Y 1La!•a�� w V r+.wMw+r,r .rr•.M �•• �M /in /r .w`MM iM1Y/.Mr/.Iir - - •-4�'.� .--..r <br />7 <br />Tax on averaa homestead X68 <br />�3.40%.,9 <br />.85 X482.75 : Increase of $15,90 or <br />WAY••ra.M.W�a.N1Y...Yi..W.Y�4W.YMw•«..w....N_rr...u.r•«...•........•..w...�s.r.•....._..w..w._.«H-.M--N.a Hf•Y. {i. M�Nl. f..M■ 1\�[.fi.1/fM{�r/N.yM.{�M. N. M.\M M..M.{. •. H.M ...I►. �,.1..r.a. w.... A{.w.. Y. w.w.w. <br />r•\ <br />+ N•_w.wf.f•................a•..fw._a.w....�.....wN.N'nr...M.MM.1l.INaMN.M•M k�N M.►�1N/N NFMM•/M\HM.M.ai..r.M.-.arrr-.....rrwaa-w.f.+.......... .. ..•...• ................... <br />7 7 291928,089Total tai Ce on all ro ert�e� � $ � � $; Increase of $153,840 or 1,,57% <br />1. • • ..w ......r... w .►• . wr. w....... .._ .... \.w..r•. ,w ..._.i.... ai..i ..I..i..rr.l..ii A\ A► M� R.IMM. aM N H. M/ M {.� / NN / H \.a. N •Hear.. !. !1M a. N .M • «.... w . r. � . • ... • w..w....r-..-•..+. .. • .a. l� <br />{...r••_. ..a-.ir ,.r.._.r l•r.•.ww•....wM.r.►M��..r{\qlF.►M .Ni1•.M Ma.rif �1N\M/N•MIN. <br />i11\T..in{NH{i{�f t. MIN .W MM. M..Y.r r.. aa..�. .r+a•.. a..{.+.�•. a.r.....1w.•N......--•..r.r+...•..•.r.rf.\IiM.IN{N\aM.!►•M4.IM.r YII Irk\\Ma.f�\I. H.M• <br />f <br />(!f the tax assessor for the taxing unit maintains an intemet website) <br />For assistance with tax calculations, please contact the tax assessor for City of Paris at 903,-784,-9241 or <br />ganderson@paristexas.gov, or visit www.paristexas.gov for more information. <br />50-876 ■ Rev.4-20 <br />