15 Placing proposal for future agenda to approve tax rate
~ :'0- 1 97
7('~:,:' 'Re. J5.061!):
Notice of Public Hearing on Tax Increase
The City of Paris, Texas will hold a public hearing on a proposal to Increase total tax
revenues from properties on the tax roll In the preceding tax year by 5.72 percent (percentage by which proposed
tax rate exceeds lower of rollback tax rate or effective tax calculated under Chapter 26, Tax Code). Your individual
taxes may Increase at a greater or lesser rate, or even decrease, depending on the change in the taxable value of your
property in relation to the change in taxable value of all other property and the tax rate that is adopted.
The publiC hearing will be held on September 5 & 10, 200l- at
6:00 PM in City Council Chambers
The members of the governing body voted on the proposal to consider the tax increase as follows:
FOR:
AGAINST:
PRESENT and not voting:
ABSENT:
Comparison of Proposed Budget with Last Year's Budget
The applicable percentage increase or decrease (or difference) in the amount budgeted in the preceding fiscal year and
the amount budgeted for the fisc,al year that begins during the current tax year is indicated for each of the following
expenditure categories:
Maintenance and operations
Debt service
Total expenditures
% (decrease)
% (decrease)
% (decrease)
6.08
0.12
5.02
% (increase)
% (increase)
% (increase)
or
or
or
Total Appraised Value and Total Taxable Value
as calculated under section 26.04, Tax Code
Total appraised value' ofall propel'ty
Total appraised value* of new property"
Total taxable value*" of all property
Total taxable value*** of new property"
Preceding Tax Year
$1,752,914,192
$ 291,137,084.00
$ 1,352,292,368.
$ 285,436,186.00
Current Tax Year
$1,837,561,487.
$ 44,365,242.00
$1,419,106,196.
$ 31,225,400.00
Bonded Indebtedness
Total amount of outstanding and unpaid bonded indebtedness
$
36,030,000.00
Tax Rates
Percentage Incmase 01 decrease In the
proposed tax rate and the adopted tax
rate for the preceding tax year
$ .59225 per $100 In value
---
$ .59225 pel' $100 in value
$ 0 pel- $100 In value
0 % Incl'ease
~~---
OR
0 % Decrease
Adopted tax rate for the preceding tax year
Proposed tax I'ate fm the cun~ent tax year
Difference In the proposed tax rate and the
adopted tax rate for the preceding tax year
These tax rate figures are not adjusted for changes in the taxable value of property.
'Appraised value' is the amount showll on the appraisal roll and defined by Section 1.04(8), Tax Code.
" "New property" IS defined by Sectroli 26012(17), Tax Code,
... "Taxable value" !s defined by Section 1.04(10), Tax Code
Form 50-l97 I,Rev. 05-06/1 m (Back)
Comparison of Residence Homestead Values
Average appraised and taxable values Oil r-esldence ilomesteads are compared from the precedlllg tax year al1d the
current tax year
Average residence homestead appraised value
Pr-eceding Tax Year
$ 58,927.00
Current Tax Year
$ 60,621.00
Homestead exemption amount for the taxing unit
(excluding special exemptions for persons 65 years
of age or older or disabled)
$
80_00
$
8400
Average taxable value of a residence homestead
(excluding special exemptions for persons 65 years
of age or older or disabled)
$
58,847_00
$
60,537_00
Comparison of Residence Homestead Taxes
Thetaxes that would have been imposed in the preceding tax year on a residence homestead atthe average appraised value
(excluding special exemptions for persons 65 years of age or older or disabled) are estimated to be $ 348.52
The taxes that would be imposed in the current tax year on a residence homestead appraised at the average appraised
value in the curre!lt tax year (excluding special exemptions for persons 65 years of age or older or disabled), if the pro-
posed tax rate is adopted, are estimated to be $ 358.53 . The difference between the amount of taxes
on the average residence homestead in the current tax year, if the proposed tax rate is adopted, and the preceding tax
year would be an increase of $ 10.01