Page 72 - CityofForestHillFY25AdoptedBudget

State of Texas Form 50-876
NOTICE OF PUBLIC HEARING

ON TAX INCREASE

PROPOSED TAX RATE $ .724094 per $100
NO-NEW-REVENUE TAX RATE $ .695028 per $100
VOTER-APPROVAL TAX RATE $ .753722 per $100
The no-new-revenue tax rate is the tax rate for the 2024 tax year that will raise the same amount of property tax revenue for
The City of Forest Hill from the same properties in both the 2023 tax year and the 2024 tax year.

The voter-approval tax rate is the highest tax rate that The City of Forest Hill 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 The City of Forest Hill is proposing to
increase property taxes for the 2024 tax year.
A PUBLIC HEARING ON THE PROPOSED TAX RATE WILL BE HELD ON September 17, 2024 at 6pm at 3219 E. California Parkway,
Forest Hill, TX 76119, City of Forest Hill City Hall, Council Chambers.
The proposed tax rate is not greater than the voter-approval tax rate. As a result, The City of Forest Hill 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 City Council of the City of Forest Hill 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

FOR the proposal: Mayor Stephanie Boardingham, Mayor Pro Tem, Keith Smith, Deputy Mayor Pro Tem Carlie Jones, Council
Member Anthony Cook, Council Member Timey Boardingham, Council Member Silas Robinson, Council Member Jesus
Rivas
AGAINST the proposal: None
PRESENT and not voting: None
ABSENT: None
Visit Texas.gov/PropertyTaxes to find a link to your local property tax database on which you can easily access information
regarding your property taxes, including information about proposed tax rates and scheduled public hearings of each entity
that taxes your property.
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 Forest Hill last year to the
taxes proposed to the be imposed on the average residence homestead by The City of Forest Hill this year.

For assistance with tax calculations, please contact the tax assessor for The City of Forest Hill at 817-884-
1100 or taxoffice@tarrantcountytx.gov, or visit Tax Estimator (tarrantcountytx.gov) for more
information.

68 of 84