NOTICE OF PUBLIC HEARING  ON TAX INCREASE  $1.027057 $100 valuation has been PROPOSED TAX: RATE NO-NEW-REVENUE TAXRATE VOTER-APPROVAL TAX. RATE  the governing body of STANTON CITY.  A tax rate of  per  proposed by  $1.027057 per $100 $0.983520 per $100 $1.027057 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 The voter-approval rate is the highest tax rate that STANTON CITY may adopt without! holding an election The proposed tax rate is greater than the no-new-revenue tax rate. This means that STANTON CITY is A PUBLIC HEARING ON THE PROPOSED TAX: RATE WILL BEI HELD ON September 13, 2021 AT The proposed tax rate is not greater than the voter-approval tax rate. As a result, STANTON CITY is not required to hold an election at which voters may accept or reject the proposed tax rate. However, you may express COUNCIL your OF CITY OF STANTON of STANTON CITY at their offices or by attending the public hearing  same properties  in both the 2020 tax year and the 2021 tax year.  tax revenue for STANTON CITY from the to seek voter approval of the rate.  proposing to increase property taxes for the 2021 tax year. 7:00 PM. AT STANTON CITY HALL BOARDROOM.  support for or opposition to the proposed tax rate by contacting the members of the CITY  mentioned above. YOUR TAXES OWED  UNDER ANY OF THE RATES MENTIONED ABOVE CAN BE CALCULATED  ASI FOLLOWS:  Property tax amount= (tax rate) x (taxable value of your property)/100  FOR the proposal:  LEAH: FLANAGAN GIB WHEELER STEVEN VILLA  JAMES JENKINS DANNY FRYAR  AGAINST the proposal: NONE PRESENT and not voting:NONE  ABSENT:  NONE  The 86th Texas Legislature modified the manner in which the voter-approval tax rate is calculated to limit The following table compares the taxes imposed on the average residence homestead by STANTON CITY last year to the taxes proposed to be imposed on the average residence homestead by STANTON CITY this  the rate of growth of property taxes in the state.  year.  2020  2021  Change  $1.080000  $1.027057 $51,912  decrease of $-0.052943, or increase of $424, or 0.82%  Total tax rate (per $100 of value)  -4.90%  Average homestead $51,488    taxable value Tax on average homestead properties  $556.07  $533.17 $1,254,279  decrease of $-22.90, or -4.12% increase of $51,664, or 4.30%  Total tax levy on all $1,202,615  For assistance with tax calculations, please contact the tax assessor for STANTON CITY at 432-756-2823 or  mgaves@martincadorg or visit martincad.org for more information.