NOTICE OF MEETING TO VOTE ON TAX RATE
A tax rate of $0.483791 per $100 valuation has been proposed by the governing body of City of Odessa.
PROPOSED TAX RATE $0.483791 per $100
NO-NEW-REVENUE TAX RATE $0.483791 per $100
VOTER-APPROVAL TAX RATE $0.521008 per $100
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 Odessa 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 Odessa may adopt without holding an election to seek voter approval of the rate.
The proposed tax rate is not greater than the no-new-revenue tax rate. This means that City of Odessa is not proposing to increase property taxes for the 2022 tax year.
A PUBLIC MEETING TO VOTE ON THE PROPOSED TAX RATE WILL BE HELD ON SEMPTEMBER 13, 2022 AT 6:00PM AND SEPTEMBER 20, 2022 AT 3:00PM, BOTH TO BE HELD AT THE CITY COUNCIL CHAMBERS, 5TH FLOOR, 411 8TH ST. ODESSA TX 79761.
The proposed tax rate is also not greater than the voter-approval tax rate. As a result, City of Odessa is not required to hold an election to seek voter approval of the rate. However, you may express your support for or opposition to the proposed tax rate by contacting the members of the of City of Odessa at their offices or by attending the public meeting 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:
Steven P. Thompson
AGAINST the proposal:
PRESENT and not voting:
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 Odessa last year to the taxes proposed to be imposed on the average residence homestead by City of Odessa this year.
Total tax rate (per
$100 of value)
increase of 0.006676, or 1.40%
Average homestead taxable value
increase of 8,098, or 4.90%
Tax on average homestead
increase of 50.22, or 6.37%
Total tax levy on all properties
increase of 1,022,371, or 2.07%
For assistance with tax calculations, please contact the tax assessor for City of Odessa, or visit Texas.gov/PropertyTaxes for more information.