The governing body of the County of Hopkins has proposed a tax rate of $0.584035 per $100 valuation.
PROPOSED TAX RATE – $0.584035 per $100
NO-NEW-REVENUE TAX RATE – $0.561139 per $100
VOTER-APPROVAL TAX RATE – $0.585726 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 the County of Hopkins 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 the County of Hopkins 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. It means that the County of Hopkins is proposing to increase property taxes for the 2021 tax year.
A PUBLIC HEARING ON THE PROPOSED TAX RATE WILL BE ON August 23, 2021, AT 9:00 am AT The Hopkins County Courthouse, 118 Church St. Sulphur Springs, Texas 75482. The Tax Rate will be voted on immediately after the hearing.
The proposed tax rate is not greater than the voter-approval tax rate. As a result, the County of Hopkins will not need to hold an election where voters may accept or reject the proposed tax rate. However, you may express your support for or opposition to the offered tax rate by contacting the Hopkins County Commissioners Court of County of Hopkins members 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: Judge Robert Newsom Commissioner Mickey Barker (Pct l) Commissioner Greg Anglin (Pct 2) Commissioner Joe Price (Pct 4)
AGAINST the proposal:
PRESENT and not voting:
ABSENT: Commissioner Wade Bartley (Pct 3)
The 86th Texas Legislature modified how they calculate the voter-approval tax rate to limit the growth rate of property taxes in the state.