- ORONARD CITY OF LEONARD, FANNIN COUNTY, TEXAS Property Tax Levy Ordinance 0-092022-1 AN ORDINANCE OF THE CITY OF LEONARD, TEXAS LEVYING PROPERTY TAXES FOR USE AND SUPPORT OF THE MUNICIPAL GOVERNMENT OF THE CITY OF LEONARD, TEXAS FOR THE 2022- 2023 FISCAL YEAR. WHEREAS, a notice of a public hearing on the tax rate for the City ofLeonard, Texas for the year 2022-2023 has heretofore been published in accordance with Section 102.0065 of the Local Government Code; and WHEREAS, Local Government Code Section 102.007 states the adoption of a budget that will require raising more revenue from property taxes than in the previous year requires a separate vote oft the governing body to ratify the property tax increase reflected in the budget; and WHEREAS, the proposed budget for 2022-2023 fiscal year does require an increase in revenue from property taxes; and WHEREAS, it is necessary at this time, that said tax rate be adopted. NOW THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF LEONARD, TEXAS: SECTION I. That there is hereby levied and there shall be collected for the use and support of the municipal government of the City ofI Leonard, Texas upon all property, real, personal and mixed, within the corporate limits of said City subject to taxation, a tax of$0.427593 on each $100.00 valuation of property for the purpose of maintenance and operation, and a debt rate of $0.071732 on each $100.00 valuation of property for the purpose of principal and interest on debt, bonds and certificates of obligation. THIS TAX RATE WILL RAISE MORE TAXES FOR MAINTENANCE AND OPERATIONS THAN LAST YEAR'STAX RATE. SECTION II. That this ordinance shall take effect and be in force from and after its passage. - CYOF ORONARD PASSED AND APPROVED this, the 20th day of September 2022 by the Council of the City ofLeonard, Fannin County, Texas. AYE NAY ABSTAIN MOTION SECOND GARRY DOYLE BILLY WAYNE MARTIN NOEL NIXON AL STEPHENS DEBRA WILCOX APPROVED: ATTEST: Michael Pye, Mayor Welissa) lub Melissa Vetye, City Secretary Form 50-876 Statements required in notice if the proposed tax rate exceeds the no-new-revenue tax rate but does not exceed the voter-approval tax rate, as, prescribed by Tax Code $$26.06(b-2). NOTICE OF PUBLIC HEARING ON TAX INCREASE This notice only applies to a taxing unit other than a special taxing unit or municipality with a population of less than 30,000, regardless of whether it is a special taxing unit. PROPOSED TAX RATE $_ 0.499325 per $100 NO-NEW-REVENUE TAX RATE $0.472373 per $100 VOTER-APPROVAL TAX RATE $_0.499325 per $100 The no-new-revenue tax rate is the tax rate for the 2022 tax year that will raise the same amount (current tax) year) of property tax revenue for City ofl Leonard from the same properties in both (name of taxing unit) the 2021 tax year and the 2022 tax year. (preceding tax) year) (current tax) year) The voter-approval tax rate is the highest tax rate that City of Leonard may adopt without holding (name of (axing unit) 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 Leonard is proposing (name ofn laxing unit) to increase property taxes for the 2022 tax year. (current tax) year) AF PUBLIC HEARING ON THE PROPOSED TAX RATE WILL BE HELD ON September 20, 2022 at 6:30P.M. (date andi time) at City Hall, 111 W. Collin Street, Leonard, TX (meeting place) The proposed tax rate is not greater than the voter-approval tax rate. As a result, City of Leonard is not required (name oftaxing unit) 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 (name ofs governing body) City of Leonard at their offices or by attending the public hearing mentioned above. (name of laxing uni) YOUR TAXES OWED UNDER ANY OF THE TAX RATES MENTIONED ABOVE CAN BE CALCULATED AS FOLLOWS: Property tax amount = - tax rate ) X ( taxable value of your property )/ 100 (List names of all members ofthe governing body below, showing how each voted ont the, proposal to consider the tax increase or, if one or more were absent, indicating absences.) FOR the proposal: Debra Wilcox, AI Stephens, Noel Nixon, Garry Doyle, Billy Wayne Martin AGAINST the proposal:. PRESENT and not voting: ABSENT: Visit TexasgowPloperylaxes 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. Form developed by: Texas Comptroller ofPublic Accounts, Property TaxA Assistance Division Fora additional copies, visit: comptrolertexasgovtaxesproperty-tox 50-876. Rev.4-22/3 Notice ofPublick Hearing on Taxl Increase Form 50-876 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 Leonard last year (name of taxing unit) to the taxes proposed to the be imposed on the average residence homestead by City of Leonard this year. (name of laxing unit) 2021 2022 Change Total tax rate (per $100 of value) $0.601315/9100 $0.499325/9100 16.96% decrease Average homestead taxable value $124,505 $139,277 11.86% increase Tax on average $749 $695 7.11% decrease homestead Total tax levy on all $680,377 $716,604 5.32% increase properties For additional copies, visit: compltrolertexasgovraxesproperty-tax Page 2