NOTICE OF PUBLIC HEARING ON TAX RATE
The Deerhaven Water Control and Improvement District will hold a public hearing on a proposed tax rate for the tax year 2020 on September 19, 2020 at 9.00 a.m. at the Park Pavilion, 410 Lagoon Loop, Horseshoe Bay, Llano County, Texas. Your individual taxes may increase at a greater or lesser rate, or even decrease, depending on the tax rate that is adopted and on the change in the taxable value of your property in relation to the change in taxable value of all other property. The change in the taxable value of your property in relation to the change in taxable value of all other property determines the distribution of the tax burden among all property owners.
FOR the proposal: Tim Dykes, Ralph Hendricks, Jeff Rudenstein, David Wuest, and Joe Becraft
AGAINST the proposal: None
PRESENT and not voting: None
The following table compares taxes on an average residence homestead in this taxing unit last year to taxes proposed on the average residence homestead this year.
|Last Year||This year|
|Total tax rate (per $100 of value)||$0.22900/$100
|Difference in rates per $100 of value
|Percentage increase/decrease in rates (+/-)
|Average appraised residence homestead value
|General homestead exemptions available (excluding 65 years of age or older or disabled person’s exemptions)
|Average residence homestead taxable value
|Tax on average residence homestead
|Annual increase/decrease in taxes if proposed tax rate is adopted (+/-) and percentage of increase (+/-)
NOTICE OF VOTE ON TAX RATE
If the district adopts a combined debt service, operation and maintenance and contract tax rate that would result in the taxes on the average residence homestead increasing by more than 3.5 percent, an election must be held to determine whether to approve the operation and maintenance tax rate under Section 49.23602, Water Code.
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.