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2021-028 - Calling A Public Hearing to Receive Public Comment on the City's Proposed Property Tax Rate for Fiscal Year 2021-2022RESOLUTION NO. 221 - Q2.8 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 2021-2022; MAKING OTHER FINDINGS AND PROVISIONS RELATED TO THE SUBJECT; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, on August 9, 2021, the City Manager of the City of Paris presented his proposed budget for Fiscal Year 2021-2022 which would decrease the current tax rate of .48078 to .45373 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 13, 2021, 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 13, 202 1, 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 2021-2022. 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 2021 Tax Year Proposed Property Tax Rate attached hereto and incorporated herein as Exhibit "A", in the Paris News on or before the 2nd day of September, 2021, 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 23rd day of August, 2021. APPROVED AS TO FORM: Stephanie H. Harris, City Attorney Paula Portugal, Ma Form 50-876 NOTICE OF PUBLIC HEARING ON TAX INCREASE A tax rate of $....0.4.5373 per $100 valuation has been proposed by the governing body of City of Pans . PROPOSED TAX RATE NO-NEW.,REVENUE TAX RATE VOTER -APPROVAL TAX RATE $ 0.45373 per $100 0.43542$ per $100 $ 0.45373, per $100 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 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 tax rate that City of Paris 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 Paris is proposing to increase property taxes for the 2021 tax year. A PUBLIC HEARING ON THE PROPOSED TAX RATE WILL BE HELD ON September 13,2021 54-30 P.M. at City Council Chambers,107 E. Kaufman Street, Paris, Texas. 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 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 City of Paris 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 FOR the proposal: AGAINST the proposal: ... . ... ...... .... - - -- - ---------- PRESENT and not voting: ABSENT: The 86th Texas Legislature modified the manner in which the voter -approval tax rate is calculated to limit the rate of growth of prop -arty taxes in the slate. The following table compares the taxes imposed on the average residence homestead by City of Paris last year to the taxes proposed to the be imposed on the average residence homestead by City of Paris this year. �.• 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 .. \ 2020 2021 k ,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 . 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 . • . w_.ww �.rw.�I+i�.+1i.11. a.wA. \Nr, ..r r+. wr..ww.....r...ti1.i..../ Total tax rata(per $100 of value _ 0.4807 0.453 '3Decreaseo. 0f 0.�2?0 �r or �.�� 1. .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 Z i + ir M/. $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� Increase of $9,293 or 9,57%, 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 7 Tax on averaa homestead X68 �3.40%.,9 .85 X482.75 : Increase of $15,90 or 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. r•\ + 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.+.......... .. ..•...• ................... 7 7 291928,089Total tai Ce on all ro ert�e� � $ � � $; Increase of $153,840 or 1,,57% 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� {...r••_. ..a-.ir ,.r.._.r l•r.•.ww•....wM.r.►M��..r{\qlF.►M .Ni1•.M Ma.rif �1N\M/N•MIN. 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• f (!f the tax assessor for the taxing unit maintains an intemet website) For assistance with tax calculations, please contact the tax assessor for City of Paris at 903,-784,-9241 or ganderson@paristexas.gov, or visit www.paristexas.gov for more information. 50-876 ■ Rev.4-20