NOTICE OF PUBLIC HEARING ON TAX INCREASE

NOTICE OF PUBLIC HEARING ON TAX INCREASE

A tax rate of $0.350073 per $100 valuation has been proposed by the governing body of Haslet.

PROPOSED TAX RATE $0.350073 per $100

NO-NEW-REVENUE TAX RATE $0.334640 per $100

VOTER-APPROVAL TAX RATE $0.337009 per $100

DE MINIMIS RATE $0.357117 per $100

The no-new-revenue tax rate is the tax rate for the 2024 tax year that will raise the same amount of property tax revenue for Haslet from the same properties in both the 2023 tax year and the 2024 tax year.

The voter-approval rate is the highest tax rate that Haslet may adopt without holding an election to seek voter approval of the rate, unless the de minimis rate for Haslet exceeds the voter-approval rate for Haslet.

The de minimis rate is the rate equal to the sum of the no-new-revenue maintenance and operations rate for Haslet, the rate that will raise $500,000, and the current debt rate for Haslet.

The proposed tax rate is greater than the no-new-revenue tax rate. This means that Haslet is proposing to increase property taxes for the 2024 tax year.

A PUBLIC HEARING ON THE PROPOSED TAX RATE WILL BE HELD ON September 16, 2024 AT 7:00 pm AT Haslet Community Center 105 Main Street, Haslet, TX 76052.

The proposed tax rate is greater than the voter-approval tax rate but not greater than the de minimis rate and does not exceed the rate that allows voters to petition for an election under Section 26.075, Tax Code. If the City of Haslet adopts the proposed tax rate, the City is not required to hold an election so that voters may accept or reject the proposed tax rate and the qualified voters of the City of Haslet may not petition the City of Haslet to require an election to be held to determine whether to reduce the proposed tax rate.

YOUR TAXES OWED UNDER ANY OF THE RATES MENTIONED ABOVE CAN BE CALCULATED AS FOLLOWS:

Property tax amount= (tax rate) x (taxable value of your property)/100

FOR the proposal: Mayor Pro Tem Morrow Council Member Hector Najera

Council Member Doug Horak Council Member Kerry Rickett

Council Member James Watkins

AGAINST the proposal: None

PRESENT and not voting: Mayor Gary Hulsey

ABSENT: None

Visit Texas.gov/PropertyTaxes to find a link to your local property tax database on which you can easily access information regarding your property taxes, including information about proposed tax rates and scheduled public hearings of each entity that taxes your property.

The 86th Texas 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 Haslet last year to the taxes proposed to be imposed on the average residence homestead by Haslet this year.

	2023	2024 Proposed	Change
Total tax rate (per $100 of value)	$0.342638	$0.350073	increase of 0.007435, or 2.17%
Average homestead taxable value	$438,935	$460,468	increase of $21,533 or 4.9%
Tax on average homestead	$1,503.96	$1,611.97	increase of 454.81, or 35.79%
Total tax levy on all properties	$4,924,970	$5,778,409	increase of $853,439 or 17.33%

For assistance with tax calculations, please contact the Finance Director for the City of Haslet at [email protected] or (817) 439-5931 Ext 105, or visit www.haslet.org for more information.

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