NOTICE OF PUBLIC HEARING ON TAX INCREASE
A tax rate of $0.685092 per $100 valuation has been proposed by the governing body of City of DeSoto.
PROPOSED TAX RATE
$0.685092 per $100
NO-NEW-REVENUE TAX RATE
$0.609887 per $100
VOTER-APPROVAL TAX RATE
$0.685092 per $100
The no-new-revenue tax rate is the tax rate for the 2023 tax year that will raise the same amount of property tax revenue for City of DeSoto from the same properties in both the 2022 tax year and the 2023 tax year. The voter-approval rate is the highest tax rate that City of DeSoto 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 DeSoto is proposing to increase property taxes for the 2023 tax year. A PUBLIC HEARING ON THE PROPOSED TAX RATE WILL BE HELD ON September 19, 2023 AT 07:00 PM AT 211 E. Pleasant Run Rd, Desoto, TX 75115. The proposed tax rate is not greater than the voter-approval tax rate. As a result, City of DeSoto 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 Desoto City Council of City of DeSoto 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: Proctor, Hughes, Chism, Marks, Byrd, Raphiel, Parker
AGAINST the proposal: None
PRESENT and not voting: None
ABSENT: None
Visit Texas.gov/Property Taxes 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 rate of growth of property taxes in the state. The following table compares the taxes imposed on the average residence homestead by City of DeSoto last year to the taxes proposed to be imposed on the average residence homestead by City of DeSoto this year.
2022
2023
Change
Total tax rate (per $100 of value)
$0.691554
$0.685092
decrease of -0.006462, or -0.93%
Average homestead taxable value
$242,359
$268,147
increase of 25,788, or 10.64%
Tax on average homestead
$1,676.04
$1,837.05
increase of 161.01, or 9.61%
Total tax levy on all properties
$42,677,522
$49,095,600
increase of 6,418,078, or 15.04%
For assistance with tax calculations, please contact the tax assessor for City of DeSoto at 972.274.2489 or visit https://www.desototexas.gov/ for more information
