NOTICE OF PUBLIC HEARING ON TAX INCREASE

A tax rate of $0.530000 per $100 valuation has been proposed by the governing body of City of Hitchcock.

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 Hitchcock 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 Hitchcock 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 City of Hitchcock is proposing to increase property taxes for the 2021 tax year.

A PUBLIC HEARING ON THE PROPOSED TAX RATE WILL BE HELD ON September 13,
2021 AT 6:00 pm AT City of Hitchcock Council Chamber, 7423 Highway 6, Hitchcock, Texas.

The proposed tax rate is not greater than the voter-approval tax rate. As a result, City of Hitchcock 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 Council of Hitchcock 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

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 Hitchcock last year to the taxes proposed to be imposed on the average residence homestead by City of Hitchcock this year.

For assistance with tax calculations, please contact the tax assessor for City of Hitchcock at

(409) 766-2260 or galcotax@co.galveston.tx.us, or visit www.galcotax.com/property- tax/truth-in-taxation for more information.