Public Notices - Notice of Adopted 2022 Tax Rate
CITY OF DEER PARK ADOPTED A TAX RATE THAT WILL RAISE MORE TAXES FOR MAINTENANCE AND OPERATIONS THAN LAST YEAR'S TAX RATE.
THE TAX RATE WILL EFFECTIVELY BE RAISED BY 4.66 PERCENT AND WILL RAISE TAXES FOR MAINTENANCE AND OPERATIONS ON A $100,000 HOME BY APPROXIMATELY $-18.97.
Public Notices - Information and Regulations
Listed here are the current notices for the City of Deer Park, Texas.
Section 551.002 of the Texas Government Code provides that every regular, special, or called meeting of a governmental body shall be open to the public. Section 551.031 provides that notices must:
(1) Be in writing and clearly state the date, hour, place, and subject of each meeting
(2) Be posted at least 72 hours prior to scheduled time of the meeting
(3) Be posted in two locations: On a bulletin board convenient to the public (Deer Park City Hall, located at 710 E. San Augustine), and on the City of Deer Park website
NOTICE IS HEREBY GIVEN that the City Council of the City of Deer Park, Texas (the “City”), will meet at City Hall, 710 East San Augustine Street, Deer Park, Texas, 77536 at 7:30 p.m. on the 18th of October, 2022, which is the time and place tentatively set for the passage of an ordinance and such other action as may be deemed necessary to authorize the issuance of the City’s certificates of obligation (the “Certificates”), in the maximum aggregate principal amount not to exceed $15,000,000, payable from ad valorem taxes and from a limited pledge of a subordinate lien on the net revenues of the City’s waterworks and sanitary sewer system, bearing interest at any rate or rates not to exceed the maximum interest rate authorized by law, as shall be determined within the discretion of the City Council of the City at the time of issuance of the Certificates, and maturing over a period not to exceed forty (40) years from the date of issuance, for the purposes of evidencing the indebtedness of the City for all or any part of the costs associated with the (i) the design, construction, improvement and equipment of parks and recreational facilities, including a community and recreation center and associated pool house, and (ii) the costs of professional services related thereto. The estimated combined principal and interest required to pay the Certificates on time and in full is $25,862,550. Such estimate is provided for illustrative purposes only, and is based on an assumed interest rate of 4.50%. Market conditions affecting interest rates vary based on a number of factors beyond the control of the City, and the City cannot and does not guarantee a particular interest rate associated with the Certificates. As of the date of this notice, the aggregate principal amount outstanding of tax-supported debt obligations of the City (excluding public securities secured by an ad valorem tax but designated by the City as self-supporting in Resolution No. 2022-204, dated August 2, 2022, which resolution is available from the City upon request) is $42,996,250, and based on the City’s expectations, as of the date of this notice the combined principal and interest required to pay all of the outstanding tax-supported debt obligations of the City (excluding public securities secured by an ad valorem tax but designated by the City as self-supporting) on time and in full is $55,790,225.
WITNESS MY HAND AND THE OFFICIAL SEAL OF THE CITY, this 2nd day of August, 2022.
Sonia Acosta, Deputy City Secretary, City of Deer Park, Texas
NOTICE OF PUBLIC HEARING ON TAX INCREASE
A tax rate of $0.720000 per $100 valuation has been proposed by the governing body of City of Deer Park.
PROPOSED TAX RATE
$0.720000 per $100
NO-NEW-REVENUE TAX RATE
$0.660360 per $100
VOTER-APPROVAL TAX RATE
$0.726144 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 City of Deer Park from the same properties in both the 2021 tax year and the 2022 tax year.
The voter-approval rate is the highest tax rate that City of Deer Park 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 Deer Park is proposing to increase property taxes for the 2022 tax year.
A PUBLIC HEARING ON THE PROPOSED TAX RATE WILL BE HELD ON September 20, 2022 AT 7:30 PM AT City of Deer Park Council Chambers; 710 E. San Augustine St, Deer Park, TX 77536.
The proposed tax rate is not greater than the voter-approval tax rate. As a result, City of Deer Park 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 of Deer Park City Council of City of Deer Park 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:
Jerry Mouton Jr
AGAINST the proposal:
PRESENT and not voting:
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 Deer Park last year to the taxes proposed to be imposed on the average residence homestead by City of Deer Park this year.
|Total tax rate (per $100 of value)||$0.720000||$0.720000||$0.000000, or 0.00%|
|Average homestead taxable value||$172,908||$193,354||increase of 20,446, or 11.82%|
|Tax on average homestead|
|$1,392.15||increase of 147.21, or 11.82%|
|Total tax levy on all properties||$20,525,358|
|increase of 1,928,187, or 9.39%|
For assistance with tax calculations, please contact the tax assessor for City of Deer Park at 281-478-7231 or email@example.com, or visit www.deerparktx.gov for more information.