Loading...
City of Nederland 2023 Notice of Public Hearing 8-15-23NOTICE OF PUBLIC HEARING ON TAX INCREASE A tax rate of $0.467607 per $100 valuation has been proposed by the governing body of City of Nederland. PROPOSED TAX RATE $0.467607 per $100 NO-NEW-REVENUE TAX RATE $0.439078 per $100 VOTER-APPROVAL TAX RATE $0.467607 per $100 The no-new-revenue tax rate is the tax rate for the 2023 tax year that will raise the same amount of property tax revenue for City of Nederland from the same properties in both the 2022 tax year and the 2023 tax year. The voter-approval rate is the highest tax rate that City of Nederland 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 Nederland is proposing to increase property taxes for the 2023 tax year. A PUBLIC HEARING ON THE PROPOSED TAX RATE WILL BE HELD ON August 28, 2023 AT 04:30 PM AT the Nederland City Hall, 207 N. 12th St., Nederland, TX 77627. The proposed tax rate is not greater than the voter-approval tax rate. As a result, City of Nederland 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 City of Nederland 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: Mayor Don Albanese Councilmember Bret Duplant Councilmember Sylvia Root Councilmember Randy Sonnier Councilmember David Guillot 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 City of Nederland last year to the taxes proposed to be imposed on the average residence homestead by City of Nederland this year. 2022 2023 Change Total tax rate (per $100 of value) $0.481056 $0.467607 decrease of -0.013449, or -2.80% Average homestead taxable value $186,579 $201,998 increase of 15,419, or 8.26% Tax on average homestead $897.55 $944.56 increase of 47.01, or 5.24% Total tax levy on all properties $7,153,990 $7,662,035 increase of 508,045, or 7.10% For assistance with tax calculations, please contact the tax assessor for City of Nederland at (409) 835-8714 or jeffcotnt@jeffcotx.us, or visit jeffcotax.com for more information.