NOTICE OF PUBLIC HEARING  ON TAX INCREASE  A tax rate of $0.519739 per $100 valuation has been proposed by the governing body of CITY OF  WHITESBORO.  PROPOSED TAX RATE NO-NEW-REVENUE TAX RATE VOTER-APPROVAL TAX. RATE DE MINIMIS RATE  $0.519739 per $100 $0.387645 per $100 $0.499133 per $100 $0.617003 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 CITY OF WHITESBORO from the same properties in both the 2023 tax year and the 2024 The voter-approval rate is the highest tax rate that CITY OF WHITESBORO may adopt without holding an election to seek voter approval of the rate, unless the de minimis rate for CITY OF WHITESBORO exceeds The de minimis rate is the rate equal to the sum of the no-new-revenue maintenance and operations rate for CITY OF WHITESBORO, the rate that will raise $500,000, and the current debt rate for CITY OF The proposed tax rate is greater than the no-new-revenue tax rate. This means that CITY OF WHITESBORO is proposing to increase property taxes for the 2024 tax year.  tax year.  the voter-approval. rate for CITY OF WHITESBORO.  WHITESBORO.  A PUBLIC HEARING ON THE PROPOSED TAX RATE WILL BE HELD ON September 27, 2024AT 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 CITY OF WHITESBORO adopts the proposed tax rate, the CITY OF WHITESBORO 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 WHITESBORO may not petition the CITY OF WHITESBORO to require an election to be held to YOUR TAXES OWED UNDER ANY OF THE RATES MENTIONED ABOVE CAN BE CALCULATED  6:00 PM AT City Hall, 111 W. Main St., Whitesboro, TX 76273.  determine whether to reduce the proposed tax rate.  AS FOLLOWS:  Property tax amount= (tax rate) X (taxable value of your property)/100  FOR the proposal: AGAINST the proposal:  Mayor Pro-Tem Carla Woolsey Ronnie Fielder  Su' Welch Mike Pack  PRESENT and not voting:Mayor Dave Blaylock  ABSENT:  Stacey Miles  Visit lexasgovPropetylaxes 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 following table compares the taxes imposed on the average residence homestead by CITY OF WHITESBORO last year to the taxes proposed to be imposed on the average residence homestead by CITY  the rate of growth of property taxes in the state.  OF WHITESBORO this year. Total tax rate (per $0.399043. Average homestead $188,283  2023  2024  Change  $0.519739 $209,477 $1,088.73 $1,961,989  increase of 0.120696 per $100, or 30.25% increase of 11.26% increase of 337.40, or 44.91% increase of 550,573, or 39.01%  $100 of value) taxable value Tax on average homestead properties  $751.33  Total tax levy on all $1,411,416  For assistance with tax calculations, please contact the tax assessor for CITY OF WHITESBORO at 903.813.4223 or kmller@cograyson..s, or visit whitesborotx.com for more information.