NOTICE OF PUBLIC HEARING

ON TAX INCREASE

 PROPOSED TAX RATE $0.210 per $100

                                                                NO-NEW REVENUE RATE $0.201659 per $100

                                                                VOTER APPROVAL RATE $0.243523 per $100

                                                                DE MIMIMIS RATE $0.348051 per $100

The no-new-revenue rate is the tax rate for the 2025 tax year that will raise the same amount of property tax revenue for the City of Talty, Texas from the same properties in both the 2024 and 2025 tax years. The voter approval rate is the highest tax rate the City of Talty, Texas may adopt without holding an election to seek voter approval of the rate.

The de minimis rate is the rate equal to the sum of the no-new-revenue maintenance and operations rate for the City of Talty, the rate that will raise $500,000, and the current debt rate for the City of Talty. The proposed tax rate is greater than the no-new-revenue tax rate. This means the City of Talty is proposing to increase property taxes for the 2025 tax year.

PUBLIC HEARINGS ON THE PROPOSED TAX RATE WILL BE HELD at 6:30 p.m., September 9, 2025 and 7:00 p.m., September 16, 2025 at Talty City Hall, 9700 CR 213.

The proposed tax rate is not greater than the voter-approval tax rate. As a result, the City of Talty, Texas 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 city council of the City of Talty, Texas at their office or by attending the public hearings 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:  Brad Davis, Nathaniel Caro, Bobby Crowley, John Davis, Judy Trevino

AGAINST the proposal: None

The 86th Texas Legislature modified the manner in which the voter-approval rate is calculated to limit the rate of growth of property taxes in the state.

Visit Texas.gov/Property Texas 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 the City of Talty, Texas last year to the taxes proposed to be imposed on the average residence homestead by the City of Talty, Texas this year.

                                                2024                                       2025                                       Change

Total tax rate                     $0.21                                    $0.21                                    none                                                                                                                                                                                                       

Average homestead       $508,952                              $531,875                              Increase 4.5%

   taxable value

Tax on average                $1068.80                              $1116.94                              Increase 4.5%

   homestead

Total tax on all                    $787,186                             $810,916                              Increase 3.0145%

   properties

For assistance with tax calculations, please contact the tax assessor for the City of Talty, Texas at 469-376-4689 or [email protected], or visit https:kaufmancounty.net for more information.