NOTICE OF PUBLIC HEARING ON TAX INCREASE
A tax rate of $0.491818 per $100 valuation has been proposed by the governing body of City of Coppell.
PROPOSED TAX RATE $.0491818 per $100
NO-NEW-REVENUE RATE $0.477650 per $100
VOTER-APPROVAL RATE $0.568570 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 the City of Coppell 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 the City of Coppell 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 Coppell is proposing to increase property taxes for the 2023 tax year.
A PUBLIC HEARING TO VOTE ON THE PROPOSED TAX RATE WILL BE HELD ON AUGUST 22, 2023, AT 7:30 P.M. AT CITY HALL IN THE COUNCIL CHAMBERS, LOCATED AT 255 PARKWAY BOULEVARD, COPPELL, TEXAS 75019.
The proposed tax rate is not greater than the voter-approval tax rate. As a result, the City of Coppell 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 of Coppell City Council of City of Coppell 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: Walker, Hinojosa-Smith, Carroll, Nevels, Jun, Mathew, Hill
AGAINST the proposal:
PRESENT and not voting:
ABSENT:
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 the City of Coppell last year to the taxes proposed to be imposed on the average residence homestead by the City of Coppell this year.
| 2022 | 2023 | Change |
|---|
Total tax rate (per $100 of value) | $0.518731 | $0.491818 | Decrease of -$0.026913, or -5.19% |
Average homestead taxable value | $451,133 | $489,673 | Increase of $38,540, or 8.54% |
Tax on average homestead | $2,340.17 | $2,408.30 | Increase of $68.13, or 2.91% |
Total tax levy on all properties | $49,906,615 | $51,695,876 | Increase of $1,789,261, or 3.59% |
For assistance with tax calculations, please contact the tax assessor for the City of Coppell at 972-462-0022 or email at budgetinput@coppelltx.gov. Visit coppelltx.gov for more information.