Form 50-876 Statements required in notice if the proposed tax rate exceeds the no-new-revenue tax rate but does not exceed the voter approval tax rate, as prescribed by Tax Code §§26.06(b-2). NOTICE OF PUBLIC HEARING (nameO of taxingN unit) TAX INCREASE This notice only applies only to a taxing unit other than a special taxing unit or municipality with a population of less than 30,000, regardless of whether it is a special taxing unit. A tax rate of $0.743991 per $100 valuation has been proposed by the governing body of the City of River Oaks PROPOSED TAX RATE $0.743991 per $100 NO-NEW-REVENUE TAX RATE $0.659044 per $100 VOTER-APPROVAL TAX RATE $0.743991 per $100 The no-new-revenue tax rate is the tax rate for the 2025 tax year that will raise the same (current tax year) amount of property tax revenue for City of River Oaks from the same properties in both (name of taxing unit) the 2024 tax year and the 2025 tax year (preceding tax year) (current tax year) The voter-approval rate is the highest tax rate that City of River Oaks may adopt without holding (name of taxing unit) 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 River Oaks is (name of taxing unit) proposing to increase property taxes for the 2025 tax year. (current tax year) A PUBLIC HEARING ON THE PROPOSED TAX RATE WILL BE HELD ON Tuesday, August 26, 2025 at 6:00 P.M. at 4900 River Oaks Blvd., River Oaks, Texas 76114 in the City Council Chambers. (date and time) (meeting place) The proposed tax rate is not greater than the voter-approval tax rate. As a result, City of River Oaks is not (name of taxing unit) 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 (Governing Body) of the City of River Oaks at their offices or attending the Public Hearing mentioned above. (name of taxing unit) YOUR TAXES OWED UNDER ANY OF THE TAX RATES MENTIONED ABOVE CAN BE CALCULATED AS FOLLOWS: Property tax amount = (tax rate) x (taxable value of your property ) /100 (List names of all members of the governing body below, showing how each voted on the proposal to consider the tax increase or, if one or more were absent, indicating the absences) FOR the proposal: John Claridge, Place 1; Steve Holland, Place 2; Leigh Ann Turner, Place 3 and Yolie Rodriguez, Place 4. AGAINST the proposal: None PRESENT and not voting: None ABSENT: Brent Forester, Place 5 Visit Texas.gov/PropertyTaxes to find a link to your local property taxdatabase 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 River Oaks last year (name of taxing unit) to the taxes proposed to be imposed on the average residence homestead by City of River Oaks this year. (name of taxing unit) 2024 2025 Change Total tax rate (per $0.675827 $0.743991* (Increase of 1.10086/$100 of value or 10.086%) $100 of value) * Maintenance & Operations Rate + Combined Debt Tax Rate + Unused Increment Tax Rate = Total Tax Rate Average $191,068 $195,407 homestead taxable Increase of 1.0227 % (percentage difference value between average taxable value of residence homestead for preceding year and current year) Tax on average $1,291.29 $1,453.81 Increase of $162.52 of nominal difference between homestead amount of taxes imposed on the average taxable value of a residence homestead in 2024 and the amount of taxes proposed on the average taxable value of a residence homestead in 2025. Total tax levy on $3,200,804 $3,579,427** ** Increase of $378,623 that includes a all properties combined debt rate of $596,264 (principal & interest or adjusted debt of $1,183,327 less $587,063 paid through the water fund) For assistance with tax calculations, please contact the tax assessor for City of River Oaks (name of taxing unit) at 817-626-5421 Extension 324 (telephone number) or mgregory@riveroakstx.com, or visit www.riveroakstx.com (email address) (internet website address) for more information.