Temple College will hold two public hearings on a proposal to increase total tax revenues from properties on the tax roll in the preceding tax year by 1.086420 percent (the percentage by which the proposed tax rate exceeds the lower of the rollback tax rate or the effective tax calculated under Chapter 26, Tax Code). Your individual taxes may increase at a greater or lesser rate, or even decrease, depending on the change in the taxable value of your property in relation to the change in taxable value of all other property and the tax rate that is adopted.

The first public hearing will be held Thursday, August 10, 2017, at 6 p.m. in the Louise L. Cox Board Room (Nigliazzo Administration Building, Room 916).

The second public hearing will be held Thursday, August 17, 2017, at 12 p.m. in the Louise L. Cox Board Room (Nigliazzo Administration Building, Room 916).

The average taxable value of a residence homestead in the Temple College taxing district last year was $106,178. Based on last year’s tax rate of $0.205700 per $100 of taxable value, the amount of taxes imposed last year on the average home was $218.41.

The average taxable value of a residence homestead in the Temple College taxing district this year is $112,023. If the governing body adopts the effective tax rate for this year of $0.202500 per $100 of taxable value, the amount of taxes imposed this year on the average home would be $226.85.

If the governing body adopts the proposed tax rate of $0.204700 per $100 of taxable value, the amount of taxes imposed this year on the average home would be $229.31.

Members of the public are encouraged to attend the hearings and express their views.

* “Appraised value” is the amount shown on the appraisal roll and defined by Section 1.04(8), Tax Code.

** “New property” is defined by Section 26.012(17), Tax Code.

*** “Taxable value” is defined by Section 1.04(10), Tax Code.