2026-030 - Tax Rate for Fiscal Year 2026-2027 and calling a public hearing

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Statements required in notice if the proposed tax rate exceeds the no -new -revenue tax rate, the voter -approval tax rate and the de rnimmis rate, as prescribed by Tax Code §§26.06(b- 1) and 26.063(b). Form 50-874 W")TICE i PUBLIC HEARIN"O' ONTA INCRE EAS I AA A This notice only applies to a taxing unit other than a special taxing unit or municipality with a population of less than 30,000, regardless of whether it is a special taxing unit. A tax rate of $ ...... . _____0.572_390.. ...... per $100 valuation has been proposed by the governing body of city of Paris PROPOSED TAX RATE NO -NEW -REVENUE TAX RATE VOTER -APPROVAL TAX RATE DE MINIMIS RATE The no -new -revenue tax rate is the tax rate for the of property tax revenue for the 2025 tax year and the (I" m "'Im"', 1", 1 eal) 0,572390 per $100 0,459755 per $100 0,472068 per $100 0.479879 per $100 2026 City of Paris W laxill,' 11,10 2026 tax year. f(w ua.f /,IV ream I tax year that will raise the same amount from the same properties in both The voter -approval tax rate is the highest tax rate that City of Paris may adopt without holding 111 11'A ... l; trait) an election to seek voter approval of the rate, unless the de minirnis rate for City of Paris exceeds the voter -approval tax rate for City of Paris Maw,, '>f el'IM The de rninirnis rate is the rate equal to the sum of the no -new -revenue maintenance and operations rate for City of Paris (Ilan), ,I holn""Imill the rate that will raise $500,000, and the Current debt rate for 2026 (milif, )/ tumlv lwllj The proposed tax rate is greater than the no -new -revenue tax rate. This means that City of Paris is proposing lame qt to increase property taxes for the 2026 tax year. A PUBLIC HEARING ON THE PROPOSED TAX RATE WILL BE HELD ON 8/24/26 5:30 pm at Paris City Hall, 107 E. Kaufman Street, Paris, TX 75460 (1w, Imp Pil", The proposed tax rate is also greater than the voter -approval tax rate and the de rninimis rate, If City of Paris (n..,»" "'/ IoAlng' adopts the proposed tax rate, City of Paris is required to hold an election so that the voters may accept or reject (moll, "/ tcrcirlY Iml!) the proposed rate. If a majority of the voters reject the proposed tax rate, the tax rate of the City of Paris will be the voter -approval tax rate of the City of Paris The election will be held on 11/3/26 -You may contact the Lamar County Elections Administrator "k 0 Id11" "IN maill, "foifi(" Owinl'fcl Ing, c/o 0,M) for information about voting locations, The hours of voting on election day are 7:00 AM to 7:00 PM (' olmg hol", o 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 (List names ofad members of the governing body below. showing horV, each voted on the proposal to consider the tax increase or if one or more were absent, indicating absences.) FOR the proposal: AGAINST the proposal: PRESENT and not voting: ABSENT. v ;11 w1 50-874 - Rr% 1 2W, 1;