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Atlanta Public Library

Notice of City of Atlanta Tax Rate on Public Hearing

August 24, 2020 at 5:30 pm at 315 N Buckner Street Atlanta City Hall Atlanta TX 75551.
  • When Aug 24, 2020 from 05:30 PM (US/Central / UTC-500)
  • Where 315 N Buckner Street Atlanta City Hall Atlanta TX 75551
  • Contact Phone 903-796-2192
  • Add event to calendar iCal

                                                                                                                                                              

NOTICE OF PUBLIC HEARING ON TAX INCREASE

A tax rate of .655375 per $100 valuation has been proposed by the governing body of City of Atlanta.

PROPOSED TAX RATE                                            $0.655375 per $I 00
NO-NEW REVENUE TAX RATE                        $0.630070 per $100
VOTER-APPROVAL TAX RATE                          $0.656161 per $100
DE MINIMIS RATE                                                     $0.834608 per $100

The no-new-revenue tax rate is the tax rate for the 2020 tax year that will raise the same amount of property tax revenue for City of Atlanta from the same properties in both the 2019 tax year and the 2020 tax year.

The voter-approval tax rate is the highest tax rate that City of Atlanta may adopt without holding an election to seek voter approval of the rate, unless the de minimis rate for City of Atlanta exceeds the voter-approval tax rate for City of Atlanta

The de minimis rate is the rate equal to the sum of the no-new-revenue maintenance and operations rate for City of Atlanta, the rate that will raise $500,000, and the current debt rate for City of Atlanta

 The proposed tax rate is greater than the no-new-revenue tax rate. This means that City of Atlanta is proposing to increase property taxes for the 2020 tax year.

 A public hearing on the proposed tax rate will be held on August 24, 2020 at 5:30 pm at 315 N Buckner Street Atlanta City Hall Atlanta TX 75551.

 The proposed tax rate is not greater than the voter-approval tax rate. As a result, City of Atlanta is not required to hold an election at which voter approval of the rate. However, you may express your support for or opposition to the proposed tax rate by contacting the members of City of Atlanta at their offices or by attending the public meeting mentioned above.

YOUR TAXES OWED UNDER ANY OF THE ABOVE RATES CAN BE CALCULATED AS FOLLOWS:

Property tax amount-(tax rate) X (taxable value of your property)/100

The members of the governing body voted on the proposed tax increase as follows:

FOR:
Arlie Kyzer, Dean McDuff, Randy Pennington,  Chad Clements
AGAINST:
PRESENT and not voting:
ABSENT:
Chris Collins

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 Atlanta last year to the taxes

Proposed to be imposed on the average residence homestead by City of Atlanta this year

 

2019

2020

Change

Total Tax Rate (per $100 of value

$0.660641

$0.655375

decrease of    -$0.005266 OR -0.80%

Average homestead taxable value

$96,804

$98,044

increase of   1.28%

Tax on average homestead

$640

$643

increase of       $3 OR 0.47%

Total tax levy on all properties

$1,527,990

$1,650,133

increase of   $60,922

 For assistance with tax calculations, please contact the tax assessor for City of Atlanta at 903-756-5513 or ayoung.tac@casscountytx.org, or visit www.co.cass.tx.us for more information.