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The original item was published from 8/20/2021 12:04:39 PM to 8/30/2021 9:50:50 AM.

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Posted on: August 20, 2021

[ARCHIVED] Notice of Public Hearing on Tax Increase

A tax rate of $0.722120 per $100 valuation has been proposed by the governing body of City of Nassau Bay for 2021. The total tax rate for 2020 was also $0.722120 per $100. 

$0.722120 per $100
$0.679984 per $100
$0.779203 per $100

The no-new-revenue tax rate is the tax rate for the 2021 tax year that will raise the same amount of property tax revenue for City of Nassau Bay from the same properties in both the 2020 tax year and the 2021 tax year. The voter-approval rate is the highest tax rate that City of Nassau Bay 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 Nassau Bay is proposing to increase property taxes for the 2021 tax year. On an average home valued at $287,997, a property owner will see an increase of $125.60 per year, or 6.04%. 

A Public Hearing on the proposed tax rate will be held on September 13, 2021 at 7:00pm at 1800 Space Park Dr., Suite 200 Nassau Bay, TX 77058. You may express your support for or opposition to the proposed tax rate by contacting the members of the City Council of City of Nassau Bay at their offices or by attending the public hearing mentioned above.

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