200 S. Colket Avenue PO Box 160
Kerens, TX 75144

Phone: 903-396-2971

Email: info@ci.kerens.tx.us

NOTICE OF PUBLIC HEARING ON TAX INCREASE

NOTICE OF PUBLIC HEARING ON TAX

INCREASE

A tax rate of $0.6805 per $100 valuation has been proposed by the governing body of CITY OF KERENS.

PROPOSED TAX RATE           $0.6805 per $100

NO-NEW-REVENUE TAX RATE               $0.6405 per $100

VOTER-APPROVAL TAX RATE               $0.6893 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 KERENS 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 KERENS 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 KERENS 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 7:00 PM at CITY HALL 101 S COLKET AVE KERENS, TX 75144.

The proposed tax rate is not greater than the voter-approval tax rate. As a result, CITY OF KERENS 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 KERENS CITY COUNCIL of CITY OF KERENS at their offices or by attending the public hearing mentioned above.

YOUR TAXES OWED UNDER ANY OF THE TAX RATES MENTIONED ABOVE CAN BE CALCULATED AS FOLLOWS:
Property tax amount = ( tax rate ) x ( taxable value of your property ) / 100

 

The 86th 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 KERENS last year to the taxes proposed to the be imposed on the average residence homestead by CITY OF KERENS this year.

2020                                2021                               Change

 

$0.6805 $0.6805 0.00% increase
$70,915 $79,198 11.68% increase
$483 $539 11.59% increase
$351,138 $394,865 12.45% increase

 

 

For assistance with tax calculations, please contact the tax assessor for CITY OF KERENS at 9036543080 or mdowd@navarrocounty.org, or visit www.co.navarro.tx.us.