Notice of Public Hearing on Tax Increase 2017

The Navarro College District will hold two public hearings on a proposal to increase total tax revenues from properties on the tax roll in the preceding tax year by 8.27 percent (percentage by which proposed tax rate exceeds lower of rollback tax rate or effective tax calculated under Chapter 26, Tax Code). Your individual taxes may increase at a greater or lesser rate, or even decrease, depending on the change in the taxable value of your property in relation to the change in taxable value of all other property and the tax rate that is adopted.

The first public hearing will be held on September 7, 2017 at 12:00 Noon in the Lone Star Room of Walker Dining Hall, at Navarro College.

The second public hearing will be held on September 13, 2017 at 12:00 Noon in the Lone Star Room of Walker Dining Hall at Navarro College.

The members of the governing body voted on the proposal to consider the tax increase as follows:

FOR: Richard L. Aldama, A.L. “Buster” Atkeisson, Faith Holt, Lloyd D. Huffman, Billy Todd McGraw, Loran Seely
AGAINST: n/a
PRESENT and not voting: n/a
ABSENT: Phil Judson

The average taxable value of a residence homestead in the Navarro College District last year was $62,846 (average taxable value of a residence homestead in the taxing unit for the preceding tax year, disregarding residence home- stead exemptions available only to disabled persons or persons 65 years of age or older). Based on last year’s tax rate of $ 0.1183 (preceding year’s adopted tax rate) per $100 of taxable value, the amount of taxes imposed last year on the average home was $ 74.35 (tax on average taxable value of a residence homestead in the taxing unit for the preceding tax year, disregarding residence homestead exemptions available only to disabled persons or persons 65 years of age or older).

The average taxable value of a residence homestead in the Navarro College District this year is $66,445 (average taxable value of a residence homestead in the taxing unit for the current tax year, disregarding residence homestead exemptions available only to disabled persons or persons 65 years of age or older). If the governing body adopts the effective tax rate for this year of $0.1128 per $100 of taxable value, the amount of taxes imposed this year on the average home would be $74.95 (tax on average taxable value of a residence homestead in the taxing unit for the current tax year, disregarding residence homestead exemptions available only to disabled persons or persons
65 years of age or older).

If the governing body adopts the proposed tax rate of $ 0.1218 per $100 of taxable value, the amount of taxes imposed this year on the average home would be $80.93 (tax on the average taxable value of a residence homestead in the taxing unit for the current tax year, disregarding residence homestead exemptions available only to disabled persons or persons 65 years of age or older).

Note: The proposed tax rate will raise the amount paid on the average home by $2.33 from the amount of taxes imposed on a property of the same value last year.

Members of the public are encouraged to attend the hearings and express their views.