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The original item was published from 9/17/2022 12:59:10 PM to 9/17/2022 1:10:29 PM.

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Posted on: September 17, 2022

[ARCHIVED] Notice of Public Hearing on Tax Increase

NOTICE OF PUBLIC HEARING ON TAX INCREASE

A tax rate of $0.669819 per $100 valuation has been proposed by the governing body of City of Nassau Bay.

  • PROPOSED TAX RATE $0.669819 per $100
  • NO-NEW REVENUE TAX RATE $0.620089 per $100
  • VOTER-APPROVAL TAX RATE $0.739803 per $100

The no-new-revenue tax rate is the tax rate for the 2022 tax year that will raise the same amount of property tax revenue for City of Nassau Bay from the same properties in both the 2021 tax year and the 2022 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 2022 tax year.

A PUBLIC HEARING ON THE PROPOSED TAX RATE WILL BE HELD ON September 19, 2022 AT 7:00 PM AT Nassau Bay City Hall 4T 1800 Space Park Dr, Suite 200, Nassau Bay, TX 77058.

The proposed tax rate is not greater than the voter-approval tax rate. As a result, City of Nassau Bay 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 Nassau Bay City Council of City of Nassau Bay 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

Visit Texas.gov/PropertyTaxes 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 Nassau Bay last year to the taxes proposed to be imposed on the average residence homestead by City of Nassau Bay this year.

For assistance with tax calculations, please contact the tax assessor for City of Nassau Bay at 713-274-8000 or tax.office@hctx.net, or visit www.hctax.net for more information.

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