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Notice of Tax Rate IncreaseNOTICE OF PUBLIC HEARING ON TAX INCREASE A tax rate of $0.5146 per $100 valuation has been proposed by the governing body of City of Schertz. PROPOSED TAX RATE $0.5146 per $100 NO-NEW-REVENUE TAX RATE $0.5079 per $100 VOTER-APPROVAL TAX RATE $0.5247 per $100 The no-new-revenue tax rate is the tax rate for the 2020 tax year that will raise the same amount of property tax revenue for the City of Schertz from the same properties in both the 2019 tax year and the 2020 tax year. The voter-approval rate is the highest tax rate that the City of Schertz 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 Schertz is proposing to increase property taxes for the 2020 tax year. A PUBLIC HEARING ON THE PROPOSED TAX RATE WILL BE HELD ON AUGUST 25, 2020 AND SEPTEMBER 1, 2020 AT 6:00 PM AT THE SCHERTZ COUNCIL CHAMBERS. The proposed tax rate is not greater than the voter-approval tax rate. As a result, the City of Schertz 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 Schertz at their offices or by attending the public hearing mentioned above. YOUR TAXES OWED UNDER ANY OF THE TAX RATES CAN BE CALCULATED AS FOLLOWS: property tax amount= (tax rate) x (taxable value of your property)/100 FOR the proposal: Mark Davis, Rosemary Scott, Scott Larson, Michael Dahle, Allison Heyward, and Tim Brown AGAINST the proposal: David Scagliola The 86th Legislature modified the manner in which the voter-approval tax rate is calculated to limit the growth of property taxes in the state. The following table compares the taxes imposed on the average residence homestead by the City of Schertz last year to the taxes proposed to be imposed on the average residence homestead by the City of Schertz this year. 2019 2020 Change Total tax rate (per $100 of value) $0.5146 $0.5146 No change Average homestead taxable value $233,277 $244,465 4.8% increase Tax on average homestead $1,200 $1,258 Increase of $58 or 4.8% Total tax levy on all properties $19,186,610 $20,101,397 Increase of $914,787, or 4.8% For assistance with tax calculations, please contact the tax assessor for the City of Schertz at 830- 303-8850 or daryl.john@co.guadalupe.tx.us, or visit www.co.guadalupe.tx.us for more information.