CITY OF LAVON – HOME RULE CHARTER

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PUBLIC NOTICE – TAX RATE AND BUDGET PUBLIC HEARINGS on August 15, 2023 at 6:30 at Lavon City Hall, 120 School Road.

Statement required per Texas Property Tax Code Sec. 26.05(b):

City of Lavon ADOPTED A TAX RATE THAT WILL RAISE MORE TAXES FOR MAINTENANCE AND OPERATIONS THAN LAST YEAR’S TAX RATE. THE TAX RATE WILL EFFECTIVELY BE RAISED BY 29.49 PERCENT AND WILL RAISE TAXES FOR MAINTENANCE AND OPERATIONS ON A $100,000 HOME BY APPROXIMATELY $8.26.

Typically, the 10.22% reduction in the total tax rate combined with the 10% homestead appraisal cap and homestead exemption will result in less taxes paid per homeowner.