NOTICE OF PUBLIC HEARING ON TAX INCREASE
A tax rate of $0.258013 per $100 valuation has been proposed by the governing body of City of New Fairview.
PROPOSED TAX RATE $0.258013 per $100
NO-NEW-REVENUE TAX RATE $0.178164 per $100
VOTER-APPROVAL TAX RATE $0.258013 per $100
The no-new-revenue tax rate is the tax rate for the 2023 tax year that will raise the same amount of property tax revenue for City of New Fairview from the same properties in both the 2022 tax year and the 2023 tax year.
The voter-approval rate is the highest tax rate that City of New Fairview 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 New Fairview is proposing to increase property taxes for the 2023 tax year.
A PUBLIC HEARING ON THE PROPOSED TAX RATE WILL BE HELD ON September 5, 2023 AT 6:00 PM AT NEW FAIRVIEW CITY COUNCIL CHAMBERS 999 ILLINOIS LN, NEW FAIRVIEW.
The proposed tax rate is not greater than the voter-approval tax rate. As a result, City of New Fairview 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 NEW FAIRVIEW CITY COUNCIL of City of New Fairview 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:
MAYOR PRO TEM STEVEN KING
COUNCIL MEMBER HARVEY BURGER
COUNCIL MEMBER RICHARD GREENE
COUNCIL MEMBER SARAH ADAMS
AGAINST the proposal:
PRESENT and not voting: MAYOR JOHN R. TAYLOR
ABSENT: COUNCIL MEMBER PETER KOZLOWSKI
Visit Texas.gov/Property Taxes 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 New Fairview last year to the taxes proposed to be imposed on the average residence homestead by City of New Fairview this year.
2022 2023 Change
Total tax rate (per
$100 of value)
$0.261384 $0.258013 decrease of -0.003371, or -1.29%
Average homestead taxable value
$337,162 $332,613 decrease of -4,549, or -1.35%
Tax on average homestead
$881.29 $858.18 decrease of -23.11, or -2.62%
Total tax levy on all properties
$750,104 $874,771 increase of 124,667, or 16.62%
For assistance with tax calculations, please contact the tax assessor for City of New Fairview at 940-627-3523 or TAXOFFICE@CO.WISE.TX.US, or visit WISECOUNTYTX.GOV for more information.