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Notice of Public Hearing on Tax Increase
08/16/2021

A tax rate of $0.560000 per $100 valuation has been proposed by the governing body of City of Big Sandy.

 

PROPOSED TAX RATE $0.560000 per $100
NO-NEW-REVENUE TAX RATE $0.532717 per $100
VOTER-APPROVAL TAX RATE $0.560852 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 Big Sandy 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 Big Sandy 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 Big Sandy is
proposing to increase property taxes for the 2021 tax year.

 

A PUBLIC HEARING ON THE PROPOSED TAX RATE WILL BE HELD ON September 8, 2021 at 6:00 PM at the Big Sandy Heritage Center, 162 E Gilmer St, Big Sandy Tx 75755.  The proposed tax rate is not greater than the voter-approval tax rate. As a result, City of Big Sandy 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 Big Sandy City Council of City of Big Sandy 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: David Fonteno, Linda Baggett, Becky Desborough, Andrew McIver
AGAINST the proposal: None  ABSENT: Christine Jones

 

For assistance with tax calculations, please contact the tax assessor for City of Big Sandy at 903-636-4343 or
citysecretary@bigsandytx.gov, or visit www.bigsandytx.gov for more information.

 

For more information, you can also download this flyer about the tax increase.

 

Notice of Public Hearing on Tax Increase


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