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HomeMy WebLinkAbout(1) NOTICE OF PUBLIC HEARING ON TAX INCREASE NOTICE OF PUBLIC HEARING ON TAX INCREASE A tax rate of 0.792000 per$100 valuation has been proposed by the governing body of City of Port Arthur. PROPOSED TAX RATE $0.792000 per$100 NO-NEW REVENUE TAX RATE $0.781411 per$100 VOTER-APPROVAL TAX RATE $0.814427 per$100 The no-new-revenue tax rate is the tax rate for the 2020 tax year that will raise the same amount of property tax revenue for City of Port Arthur from the same properties in both the 2019 tax year and the 2020 tax year. The voter-approval tax rate is the highest tax rate that City of Port Arthur 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 Port Arthur is proposing to increase property taxes for the 2020 tax year. A public hearing on the proposed tax rate will be held on September 08,2020 at 11:00 AM via telephonic and video conference. Any person may participate in the Public Hearing and address the City Council by dialing the following Toll Free Numbers:(877)853-5247 US Toll Free,(888)788-0099 US Toll Free,and entering both the Meeting ID 831 1267 3160 and Participant ID: 191648. The proposed tax rate is not greater than the voter-approval tax rate. As a result,City of Port Arthur 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 Port Arthur at their offices or by attending the public meeting mentioned above. YOUR TAXES OWED UNDER ANY OF THE ABOVE RATES CAN BE CALCULATED AS FOLLOWS: property tax amount=(tax rate)X(taxable value of your property)/100 The members of the City Council voted on the proposed tax increase as follows: FOR: Mayor Thurman Bartie Mayor Pro Tern Charlotte Moses Councilman Raymond Scott Jr Councilman Cal J.Jones Councilman Thomas Kinlaw III Councilman Harold Doucet Sr. AGAINST: PRESENT and not voting: Councilman Kaprina R.Frank ABSENT: 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 City of Port Arthur last year to the taxes proposed to be imposed on the average residence homestead by City of Port Arthur this year: 2019 2020 Change Total Tax Rate(per$100 of value) $0.792000 $0.792000 decrease of $0.000000 OR Average homestead taxable value $62,059 $66,510 increase of 7.17% Tax on average homestead $492 $527 increase of $35 OR 7.11% Total tax levy on all properties $21,932,140 $22,347,567 increase of $415,427 OR 1.89% For assistance with tax calculations,please contact Allison Nathan Getz,the Tax Assessor-Collector for City of Port Arthur at 409-835-8514 or jeffcotnt@co.jefferson.tx.us,or visit www jeffcotax.com for more information. 11021.21