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2020-046 - Calling a Public Hearing on the City's Proposed Property Tax RateRESOLUTION NO. 2020-046 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS, CALLING A PUBLIC HEARING TO RECEIVE PUBLIC COMMENT ON THE CITY'S PROPOSED PROPERTY TAX RATE FOR FISCAL YEAR 2020-2021; MAKING OTHER FINDINGS AND PROVISIONS RELATED TO THE SUBJECT; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, on August 10, 2020, the City Manager of the City of Paris presented his proposed budget for Fiscal Year 2020-2021 which would not require an increase in the current tax rate of .51608 per $100 of value to fund a balanced budget as required by Section 59 of the Charter of the City of Paris; and, WHEREAS, in accordance with Chapter 26 of the Texas Tax Code, a public hearing must be held at which the City Council must afford adequate opportunity for proponents and opponents of the proposed tax rate to present their views; and, WHEREAS, the public hearing on the proposed tax rate shall be at 5:30 p.m. on September 14, 2020, in the City Council Chamber, 107 E. Kaufman Street, Paris, Texas; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS: Section 1. That the findings set out in the preamble to this resolution are hereby in all things approved. Section 2. That a public hearing be, and the same is hereby, called for September 14, 2020, at 5:30 p.m., in the City Council Chamber, 107 E. Kaufman Street, Paris, Texas, for the purpose of hearing the views of proponents and opponents to the City's proposed tax rate for Fiscal Year 2020-2021. Section 3. That the City Clerk of the City of Paris shall publish notice of said public hearings substantially in accordance with the Notice of 2020 Tax Year Proposed Property Tax Rate attached hereto and incorporated herein as Exhibit "A", in the Paris News on or before the 3rd day of September, 2020, setting forth the date, time and place of said public hearings. Section 4. That this resolution shall be effective from and after its date of passage. PASSED AND APPROVED this 24th day of August, 2020. APPROVED AS TO FORM: ''tz' I^"^maims Stephanie H. Harris, City Attorney Steve ."Clifforg, D., Mayor Statements required in notice if the proposed tax rate does not exceed the tower of the no -new -revenue tax rate or the voter -approval tax rate, as prescribed by Tax Code §26 061. A tax rate of $ 0.48078 ,..W.� wwwww,,, .. per $100 valuation has been proposed by the governing body of PROPOSED TAX RATE NO -NEW -REVENUE TAX RATE VOTER -APPROVAL TAX RATE $_0.48078............_ � ................. per $100 $ OA8398 „ per $100 $ 0.48078 per $100 Form 50-883 The no -new -revenue tax rate is the tax rate for the 2020 tax year that will raise the same amount (current tax year) of property tax revenue for Ci of Paris. from the same properties in both (name of raring unir) the 2019 _ _ tax year and the 2020 tax year. (prece ng —year) (cutranr tar year) The voter -approval rate is the highest tax rate that City of Paris may adopt without holding (home of raring unit) an election to seek voter approval of the rate. proposed g City of Paris is not The ro osed tax rate is not rester than the no -new -revenue tax rate. This means that mITIT_mm_ ._ .... (home of raring unit) proposing to increase property taxes for the _m_mmm_IT 2020 _ tax year. (current —)—r) A PUBLIC HEARING ON THE PROPOSED TAX RATE WILL BE HELD ON Se f mberw14, 2020 atw5 30 P.M. (date and time) at Council Chamber, City Hall, 107 E. Kaufman, Paris, Texas (meedng place) The proposed tax rate is also not greater than the voter -approval tax rate. As a result, Ci of Parris roirn$ ti�,i,1-°�°��"""""".• is not required to hold an election to seek voter approval of the rate. However, you may express your support for or opposition to the proposed tax rate by contacting CiCouncrl_._...mm ofCitCC�of Pans �ITITIT ITIT„ at their (name of governing body) (name of taxing unto offices or by attending the public meeting 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 ) 1100 (List names of all members of the governing body below, showing how each voted on the proposal to consider the tax increase of if one or more were absent indicating absences.) FOR the proposal:, AGAINST the proposal:, PRESENT and not voting: ABSENT: Exhibit "A" rxdk'I',al m"'J ,,.�C:„ /I, r.o'e'rnp't"c"U,l,re6�f�,� ,<, fL�il�fiall re,dfaG rty 50-993 • Rev.5-20 Noticeof Meeting to vote on Tax Rate Form 50-883 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 Mof Paris fast year (rmme of razing -11)F M to the taxes proposed to the be imposed on the average residence homestead by City of Parismm this year. (name of fazing anir) 2019 Total tax rate (per 2019 adopted tax $100 of value) rate .51608 Average 2019 average homestead taxable taxable value value of residence homestead Tax on average homestead Total tax levy on all properties 87,289 12019 amount of taxes on average taxable value of residence homestead $450.48 2019 levy $9,119,200 2020 2020 proposed tax rate .48078 2020 average taxable value of residence homestead 97,102 2020 amount of taxes on average taxable value of residence homestead $466.85 (2020 proposed rate x current total value)/100 $8,858,341 (If the tax assessor for the taxing unit maintains an Internet website) For assistance with tax calculations, please contact the tax assessor for Change Decrease of .0353 cents, or 6.84% Increase of 11.24% Increase of $16.37, or 3.63% Decrease of $260,859, or 2.86% of Paris (name of lazing unit) at 903-784-9241 or rs andeon aristexas�ov mm ITITIT w, or visit ris ?!x . ov ��. (telephone manber) (email address) (inrernet website address) for more information. (If the tax assessor for the taxing unit does not maintain an internet website) For assistance with tax calculations, please contact the tax assessor for City of Paris at 903-784-9241 or ganderson@paristexas.gov (name of rasing unit) (►elephonem 4;b (email address) ForaPfdiffaU(il.ft��d�V�VIIJ�RGVA`2����IY �h V,a"Or,P,�-0,D 4��fn➢,G',gF,e�Y,ZYf4/�O�r,°r ff ,�n, iA�JI Page