Page 3 - NEXT YEAR BUDGET DETAIL REPORT

Notice of Public Hearing on Tax Increase Form 50-876
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 the City of Colleyville last year
(name of taxing unit)
to the taxes proposed to the be imposed on the average residence homestead by the City of Colleyville this year.
(name of taxing unit)

2022 2023 Change

Total tax rate 2022 adopted tax rate 2023 proposed tax rate (Increase/Decrease) of (nominal difference
(per $100 of value) between tax rate for preceding year and
proposed tax rate for current year) per $100,
or (percentage difference between tax rate
for preceding year and proposed tax rate for
current year)%

Average homestead 2022 average taxable 2023 average taxable (Increase/Decrease) of (percentage
taxable value value of residence value of residence difference between average taxable value
homestead homestead of residence homestead for preceding year
and current year)%

Tax on average 2022 amount of taxes 2023 amount of taxes (Increase/Decrease) of (nominal difference
homestead on average taxable on average taxable between amount of taxes imposed on
value of residence value of residence the average taxable value of a residence
homestead homestead homestead in the preceding year and the
amount of taxes proposed on the average
taxable value of a residence homestead in
the current year), or (percentage difference
between taxes imposed for preceding year
and taxes proposed for current year)%

Total tax levy on all 2022 levy (2023 proposed rate x (Increase/Decrease) of (nominal difference
properties current total value)/100 between preceding year levy and proposed
levy for current year), or (percentage
difference between preceding year levy and
proposed levy for current year)%

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For additional copies, visit: comptroller.texas.gov/taxes/property-tax Page 2