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While Total Taxable Value has increased in recent years, the City's Total Tax Rate has decreased except for <br />or asine in, <br />(note: the Debt Tax Rate is unaffected by this Act). <br />City of Paris Charter — Article V — Section 43(4) <br />MMMMMMUM�� <br />Year <br />M&O <br />Debt <br />Total <br />FY20/21 <br />$0.39788 <br />$0°08290 <br />$0.48078 <br />FY21/22 <br />$0.37357 <br />MUM <br />$0.45373 <br />FY22/23 <br />$0.34377 <br />MOM <br />$0.44278 <br />FY23/24 <br />$0.32176 <br />$0.15606 <br />$0.47782 Preliminary <br />The following represents a comparison of these tax rates against that of the Proposed FY23/24 tax rate: <br />FY23/24 <br />Fund <br />FY20/21 <br />FY21/22 <br />FY22/23 <br />$0.32176 <br />M & O <br />($0.07612) <br />($0.05181) <br />($0.02201) <br />$0015606 <br />Debt <br />$0.07316 <br />$0.07590 <br />$0.05705 <br />$0.47782 <br />Total <br />($0.00296) <br />$0.02409 <br />$0.03504 <br />This Tax Rate is, to the best of our determination using the Comptroller's Forms, in full compliance with Senate Bill <br />2, also known as the Texas Property Tax Reform and Transparency Act of 2019, approved by the Texas Legislature <br />in 2019. <br />To calculate the Property Tax of a Home, the following formula can be used: <br />Example: $ 100,000.00 Value Home: ($100,000°00/100) x $0.47782 = $ 1,000 x $0.47782 = $477.82 <br />Rates broken out by School District for FY22/23. <br />Depending on which ISD a resident lives, the City of Paris' Property Tax Rate in 2022 (FY22/23) was either 22% or <br />23% of their total Property Tax Bill. The 2023 (FY23/24) Property Tax Rates are not yet known, but they are likely <br />not to chan e drarnaticall It should therefore be noted that when the City utilizes it's 3.5% growth as allowed b the <br />operation, it has a nearly de minimis impact as compared to the total tax bill owed by a resident. <br />NIMEOMO <br />