By grmcadmin • August 22, 2018 • Comments Off on NOTICE OF PUBLIC HEARING ON TAX INCREASE
The Graham Hospital 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 7.990000 percent (percentage by which proposed tax rate exceeds lower of roll back 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 4, 2018, at 12:00 P.M. at Graham Chamber Conference Room, 608 Elm Street, Graham, TX 76450.
The second public hearing will be held on September 11, 2018, at 6:00 P.M. at the American Legion Hall, 609 Elm Street, Graham, TX 76450.
The members of the governing body voted on the proposal to consider the tax increase as follows:
FOR: Donald Behr, Terry Bishop, Jon Garvey, Suzy Graham, Barrie Strickland, Wyatt Pettus
PRESENT AND NOT VOTING:
ABSENT: Michael Carmichael
The average taxable value of a residence homestead in Graham Hospital District last year was $94,165. Based on last year’s tax rate of $0.388478 per $100 of taxable value, the amount of taxes imposed last year on the average home was $365.81.
The average taxable value of a residence homestead in Graham Hospital District this year is $95,990. If the governing body adopts the effective tax rate for this year of $0.399657 per $100 of taxable value, the amount of taxes imposed this year on the average home would be $383.63.
If the governing body adopts the proposed tax rate of $0.431590 per $100 of taxable value, the amount of taxes imposed this year on the average home would be $414.28.
Members of the public are encouraged to attend the hearings and express their views.
* “Appraised value” is the amount shown on the appraisal roll and defined by Section 1.04(8), Tax Code.
** “New property” is defined by Section 26.012(17) Tax Code.
*** “Taxable value” is defined by Section 1.04(10), Tax Code.