NOTICE OF PUBLIC HEARING ON TAX INCREASE – SEPTEMBER 13, 2022

PROPOSED TAX RATE    $0.306298 per $100
NO-NEW-REVENUE TAX RATE    $0.27646410 per $100
VOTER-APPROVAL TAX RATE    $0.30629865 per $100

The no-new-revenue tax rate is the tax rate for the 2022 tax year that will raise the same amount of property tax revenue for the City of Glen Rose from the same properties in both the 2021 tax year and the 2022 tax year.

The voter-approval tax rate is the highest tax rate that the City of Glen Rose 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 Glen Rose is proposing to increase property taxes for the 2022 tax year.

A PUBLIC HEARING ON THE PROPOSED TAX RATE WILL BE HELD ON Tuesday, September 13, 2022, at 5:30 p.m. at  City Hall at 201 NE Vernon Street, Glen Rose, Texas.

The proposed tax rate is not greater than the voter-approval tax rate. As a result, the City of Glen Rose 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 Glen Rose 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

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