NOTICE OF PUBLIC HEARING ON TAX INCREASE
At tax rate of $.0.542756 per $100 valuation has been proposed by the governing body of City of Atlanta.
PROPOSED TAX RATE $0.542756 per $100
NO-NEW-REVENUE TAX RATE $0.524640 per $100
VOTER-APPROVAL TAX RATE $0.542756 per $100
The no-new-revenue tax rate is the tax rate for the 2022 tax year that will raised the same amount of property tx revenue for City of Atlanta from the same properties in both the 2021 tax year and the 2022 tax year.
The voter-approval rate is the highest tax rate that City of Atlanta 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 Atlanta is proposing to increase property taxes for the 2022 tax year.
A PUBLIC HEARING ON THE PROPOSED TAX RATE WILL BE HELD ON August 23, 2022 at 5:30 p.m. at Atlanta City Hall 315 N. Buckner Atlanta, TX 75551.
The proposed tax rate is not greater than the voter-approval tax rate. As a result, City of Atlanta is not required to hold an election at which voters may accept of 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 of Atlanta at their offices or by attending the public hearing mentioned above.
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: Councilman Chris Collins Councilman Curt Bates
Councilman Randy Pennington Councilman Larry Breashears
Councilman Chad Clements
AGAINST the proposal:
PRESENT and not voting: Mayor Marshall James Brooks
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 the 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 City of Atlanta last year to the taxes proposed to be imposed on the average residence homestead by City of Atlanta this year.
|
|
2021
|
2022
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Change
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Total tax rate (per $100 of value)
|
$0.613164
|
$0.542756
|
Decrease of -0.070408, or -11.48%
|
|
Average homestead taxable value
|
$107,863
|
$121,742
|
Increase of $13,879 or 12.87%
|
|
Tax on average homestead
|
$661.38
|
$660.76
|
Decrease of -0.62, or -0.09%
|
|
Total tax levy on all properties
|
$1,612,412
|
$1,679,666
|
Increase of $67,254 or 4.17%
|
|