Notice of Public Hearings on Proposed Budget and Tax Increase
The City of Irving will hold three public hearings on the FY2013-14 Proposed Budget and two on a proposal to increase total tax revenues from properties on the tax roll in the preceding tax year by 0.49 percent (percentage by which proposed tax rate exceeds lower of rollback tax rate or 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 second public hearing on the Proposed Budget and Tax Increase will be held 7 p.m. Sept. 12 at Irving City Hall, 825 W. Irving Blvd.
A third public hearing on the Proposed Budget will be held 1 p.m. Sept. 18 at Irving City Hall, 825 W. Irving Blvd.
The members of the governing body voted on the proposal to consider the tax increase as follows:
Mayor Beth Van Duyne
Councilman John C Danish
Councilwoman Rose Cannaday
Councilman Dennis Webb
Councilman Brad LaMorgese
Mayor Pro Tem Gerald Farris
Deputy Mayor Pro Tem Tom Spink
Councilman Joe Putnam
PRESENT and not voting: N/A
Councilman Allan E Meagher
The average taxable value of a residence homestead in City of Irving last year was $123,397. Based on last year's tax rate of $0.598600 per $100 of taxable value, the amount of taxes imposed last year on the average home was $738.65.
The average taxable value of a residence homestead in City of Irving this year is $124,640. If the governing body adopts the effective tax rate for this year of $0.595667 per $100 of taxable value, the amount of taxes imposed this year on the average home would be $742.44.
If the governing body adopts the proposed tax rate of $0.598600 per $100 of taxable value, the amount of taxes imposed this year on the average home would be $746.10.
Members of the public are encouraged to attend the hearings and express their views.
Updated Sept. 5