A tax rate of $0.495000 per $100 valuation has been proposed by the governing body of City of Murphy.
PROPOSED TAX RATE
$0.495000 per $100
NO-NEW-REVENUE TAX RATE
$0.485749 per $100
VOTER-APPROVAL TAX RATE
$0.513986 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 Murphy 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 Murphy 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 Murphy is proposing to increase property taxes for the 2021 tax year.
A PUBLIC HEARING ON THE PROPOSED TAX RATE WILL BE HELD ON September 7, 2021 AT 6:00 pm AT Murphy City Hall Council Chambers, 206 N. Murphy Road, Murphy, TX 75094.
The proposed tax rate is not greater than the voter-approval tax rate. As a result, City of Murphy 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 governing body of City of Murphy 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 Scott Bradley Mayor Pro Tem Ken Ohmann
Councilmember Elizabeth Abraham Councilmember Jennifer Berthiaume Councilmember Andrew Chase Councilmember Sarah Fincanon
AGAINST the proposal:
PRESENT and not voting:
Deputy Mayor Pro Tem Jené Butler
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 Murphy last year to the taxes proposed to be imposed on the average residence homestead by City of Murphy this year.
TheCity ofMurphywillconduct a PublicHearingontheFiscal Year 2021-2022 (FY22) BudgetonTuesday,September7,2021,at6:00p.m.attheMurphyMunicipalComplex,CityCouncilChambers,206NorthMurphyRoad,Murphy,Texas 75094.
This budget will raise more total property taxes than last year’s budget by $366,894 or 2.79%, and of that amount, $138,116 is tax revenue to be raised from new property added to the tax roll this year.
YouhavearighttoattendthePublicHearingandmakecomments in person, via phone, or via video conferencing technology pursuant to section 551.127 of the Texas Government Code. Please review the agenda posting for the September 7, 2021, City Council meeting for information regarding how to attend the meeting via phone and/or video conferencing technology.