NOTICE OF PUBLIC HEARING ON TAX INCREASE
PROPOSED TAX RATE: $0.552200 PER $100 VALUATION
A tax rate of $0.552200 per $100 valuation has been proposed by the governing body of CITY OF SEADRIFT.
PROPOSED TAX RATE $.552200 per $100
NO-NEW-REVENUE TAX RATE $.510600 per $100
VOTER-APPROVAL TAX RATE $.552200 per $100
The no-new-revenue tax rate is the tax rate for the 2021 tax year that will raise the same amount of property tax revenue for the CITY OF SEADRIFT from the same properties in both the 2020 tax year and the 2021 tax year.
The voter-approval rate is the highest tax rate that the CITY OF SEADRIFT 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 the CITY OF SEADRIFT is proposing to increase property taxes for the 2021 tax year.
A PUBLIC HEARING ON THE PROPOSED TAX RATE WILL BE HELD ON SEPTEMBER 9, 2021, AT 6:00 PM AT 501 SOUTH MAIN STREET, SEADRIFT, TX 77983.
The proposed tax rate is not greater than the voter-approval tax rate. As a result, the CITY OF SEADRIFT 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 City Council of the CITY OF SEADRIFT at their offices or by attending the public hearing mentioned above.
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
FOR the proposal: Ranier Brigham, Kenneth Reese, Geoffrey Hunt, Tracey Johnson
AGAINST the proposal: None
PRESENT and not voting: None
ABSENT: Peggy Gaines
The 86th 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 the CITY OF SEADRIFT last year to the taxes proposed to the be imposed on the average residence homestead by the CITY OF SEADRIFT this year.
