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Posted on: August 30, 2021

Notice of Meeting to Vote on Tax Rate

A tax rate of $0.477115 per $100 valuation has been proposed by the governing body of City of Odessa.

A tax rate of $0.477115 per $100 valuation has been proposed by the governing body of City of Odessa.

PROPOSED TAX RATE

$0.477115 per $100

NO-NEW-REVENUE TAX RATE

$0.482494 per $100

VOTER-APPROVAL TAX RATE

$0.502033 per $100

 

The no-new-revenue tax rate is the tax rate for the 2021 tax year that will raise the same amount of property tax revenue for City of Odessa from the same properties in both the 2020 tax year and the 2021 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 2021 tax year.

 

A PUBLIC MEETING TO VOTE ON THE PROPOSED TAX RATE WILL BE HELD ON September 14, 2021 AT

6:00PM and on September 21, 2021 at 3:00PM both meetings to be held AT 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 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 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: Javier Joven, Mark Matta, Steven P. Thompson, Detra White, Tom Sprawls, Mari Willis

AGAINST the proposal:

PRESENT and not voting:

ABSENT: Denise Swanner


 

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.

 

2020

2021

Change

Total tax rate (per $100 of value)

$0.477115

$0.477115

increase of

$0.000000, or 0.00%

Average homestead taxable value

$159,138

$166,006

increase of $6,868, or 4.32%

Tax on average homestead

$759.27

$792.04

increase of $32.77, or 4.32%

Total tax levy on all properties

$47,395,933

$48,076,368

increase of $680,435, or 1.44%

 For assistance with tax calculations, please contact the tax assessor for City of Odessa.


30 Day Final Notice

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