City of Arlington, Texas - Press Releases - Archives - August 2002

Home > Press Releases > Weekly News > Archives > August 2002 > Article 08

Notice of Public Hearing on Tax Increase

August 23, 2002

The City of Arlington will hold a public hearing on a proposal to increase total tax revenues from properties on the tax roll in the preceding year by 5.01 percent. Your individual taxes may increase at a greater or lesser rate, or even decrease, depending on the change in the taxable value of your property in relation to the change in taxable value of all other property and the tax rate that is adopted.

The public hearing will be held on September 3, 2002 at 6:30 p.m. at Arlington City Hall, Council Chambers.

FOR the Proposal:	Mayor Odom, Council Members: Bruner, Burgen, Ogle, Remington
AGAINST the Proposal:	Council Members: Capehart, Cluck, McCollum, Wright
PRESENT and Not Voting:	None
ABSENT:	None

The following table compares taxes on an average home in this taxing unit last year to taxes proposed on the average home this year. Again, your individual taxes may be higher or lower depending on the taxable value of your property.

Last Year This Year

Average residence homestead value	$108,293	$117,745
General exemptions available (amount available on the average homestead, not including senior citizen’s or disabled person’s exemptions)	$ 21,659	$ 23,549
Average taxable value	$ 86,634	$ 94,196
Tax Rate	63.4 cents/$100	64.4 cents/$100
Tax	$549.26	$606.62

Under this proposal, taxes on the average homestead would increase by $57.36 or 10.4 percent compared with last year’s taxes. Comparing tax rates without adjusting for changes in property value, the tax rate would increase by $0.01 per $100 of taxable value or 1.58 percent compared to last year’s rate. These tax rate figures are not adjusted for changes in the taxable value of property.

Line ad . . . in Legal Notices Section

NOTICE OF PUBLIC HEARING

In accordance with Article 689a-15 of the Revised Civil Statutes of Texas, the City of Arlington, Texas will hold a public hearing on the proposed Annual Operating Budget for the Fiscal Year 2002 -03 in the Council Chambers, Arlington City Hall, 101 W. Abram Street, at 6:30 p.m. on Tuesday, September 3, 2002.

By Direction of the CITY COUNCIL
/s/ Elzie Odom, Mayor
/s/ Cindy Kemp City Secretary