A tax rate of $0.5346 per $100 valuation has been proposed by the governing body of City of Palmview.

The no-new-revenue tax rate is the tax rate for the 2022 tax year that will raise the same amount of property tax revenue for City of Palmview from the same properties in both the 2021 tax year and the 2022 tax year.

The voter-approval rate is the highest tax rate that City of Palmview may adopt without holding an election to seek voter approval of the rate, unless the de minimis rate for City of Palmview exceeds the voter- approval rate for City of Palmview.

The de minimis rate is the rate equal to the sum of the no-new-revenue maintenance and operations rate for City of Palmview, the rate that will raise $500,000, and the current debt rate for City of Palmview.

The proposed tax rate is greater than the no-new-revenue tax rate. This means that City of Palmview is proposing to increase property taxes for the 2022 tax year.

The proposed tax rate is greater than the voter-approval tax rate but not greater than the de minimis rate and does not exceed the rate that allows voters to petition for an election under Section 26.075, Tax Code. If City of Palmview adopts the proposed tax rate, the City of Palmview is not required to hold an election so that voters may accept or reject the proposed tax rate and the qualified voters of the City of Palmview may not petition the City of Palmview to require an election to be held to determine whether to reduce the proposed tax rate.

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

Alexandra Flores, Mayor Pro-Tem

Jose Luis Perez, Councilmember

Javier Ramirez, Councilmember

Benito Hernandez, Councilmember

Joel Garcia, Councilmember

and not voting:

Ricardo Villarreal, Mayor

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 Palmview last year to the taxes proposed to be imposed on the average residence homestead by City of Palmview this year.

	2021	2022	Change
Total tax rate (per $100 of value)	$0.5001	$0.5346	increase of 0.0345, or 6.90%
Average homestead taxable value	$107,011	$118,708	increase of 11,697, or 10.93%
Tax on average homestead	$535.16	$634.61	increase of 99.45, or 18.58%
Total tax levy on all properties	$3,158,364	$3,712,252	increase of 553,888, or 17.54%

For assistance with tax calculations, please contact the tax assessor for City of Palmview at (956) 318-2157 or propertytax@hidalgocountytax.org, or visit www.hidalgocountytax.org for more information.