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Notice of Public Hearing on Tax Increase

8/12/2024

NOTICE OF PUBLIC HEARING ON TAX INCREASE

A tax rate of $0.593711 per $100 valuation has been proposed by the governing body of City of Clarendon. 

PROPOSED TAX RATE                     $0.593711 per $100

NO-NEW-REVENUE TAX RATE        $0.572152 per $100 

VOTER-APPROVAL TAX RATE          $0.593711 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 Clarendon 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 Clarendon 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 Clarendon is proposing to increase property taxes for the 2024 tax year. 

A PUBLIC HEARING ON THE PROPOSED TAX RATE WILL BE HELD ON September 12, 2024 AT 5:00 pm AT Clarendon City Hall located at 313 S. Sully, Clarendon, TX 79226.

The proposed tax rate is not greater than the voter-approval tax rate. As a result, the City of Clarendon 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 Clarendon 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: Alderman McIntosh, Alderman Floyd and Mayor Pro Tem Hill

AGAINST the proposal: None

PRESENT and not voting: Mayor Fangman

ABSENT: Alderman Estlack

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 Clarendon last year to the taxes proposed to be imposed on the average residence homestead by City of Clarendon this year. 

  2023 2024 Change
Total tax rate (per $100 of value)  $0.610083 $0.593711 decrease of -0.016372
Average homestead taxable value $69,813 $77,089 increase of 10.42%
Tax on average homestead $425.92 $457.69 increase of 31.77, or 7.46%
Total tax levy on all properties $376,036 $389,633 increase of 13,597, or 3.62%

 

For assistance with tax calculations, please contact the tax assessor for the City of Clarendon at 806-874-2744 or visit https://cityofclarendontx.com for more information.