NOTICE OF PUBLIC HEARING ON TAX INCREASE
A tax rate of $0.630082 per $100 valuation has been proposed by the governing body of CITY OF HUTCHINS.
PROPOSED TAX RATE
$0.630082 per $100
NO-NEW-REVENUE TAX RATE
$0.562988 per $100
VOTER-APPROVAL TAX RATE
$0.642127 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 HUTCHINS from the same properties in both the 2023 tax year and the 2024 tax year. The voter-approval rate is the highest tax rate that CITY OF HUTCHINS 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 HUTCHINS is proposing to increase property taxes for the 2024 tax year. A PUBLIC HEARING ON THE PROPOSED TAX RATE WILL BE HELD ON SEPTEMBER 16, 2024, AT 5:30 PM CITY OF HUTCHINS-COUNCIL CHAMBERS, 321 N MAIN STREET, HUTCHINS, TEXAS 75141. The proposed tax rate is not greater than the voter-approval tax rate. As a result, CITY OF HUTCHINS 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 of CITY OF HUTCHINS 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:
Steve Nichols
Raymond Elmore
Brenda Campbell
Demarcus Odom
Dominic Didehbani
S
AGAINST the proposal:
PRESENT and not voting:
Mario Vasquez
ABSENT:
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 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 HUTCHINS last year to the taxes proposed to be imposed on the average residence homestead by CITY OF HUTCHINS this year.
2023
2024
Change
Total tax rate (per $100 of value)
$0.630082
$0.630082
increase of 0.000000 per $100, or 0.00%
Average homestead taxable value
$0
$0
0 of 0.00%
Tax on average homestead
$0.00
$0.00
0 of 0.00, or 0.00%
Total tax levy on all properties
$7,058,551
$9,037,758
increase of 1,979,207, or 28.04%
For assistance with tax calculations, please contact the tax assessor for CITY OF HUTCHINS at 972-225-6121 or visit https://www.cityofhutchins.org/ for more information.
