CITY OF ROANOKE NOTICE OF PUBLIC HEARING ROANOKE CITY COUNCIL A public hearing will be held by the Roanoke City Council on Tuesday, August 26, 2025 at 7:00 p.m. in the City Council Chambers – 2ND floor of Roanoke City Hall located at 500 S. Oak Street, Roanoke, Texas. The purpose of the public hearing will be to hear public comments for consideration of the proposed City of Roanoke Operating and Capital Budget for Fiscal Year 2025-2026, including the Roanoke Economic and Industrial Development Corporation (Type A) Fiscal Year 2025-2026 Annual Budget. THIS BUDGET WILL RAISE MORE TOTAL PROPERTY TAXES THAN LAST YEAR’S BUD- GET BY $936,655 OR 7.6% AND OF THAT AMOUNT, $129,002 IS TAX REVENUE TO BE RAISED FROM NEW PROPERTY ADDED TO THE TAX ROLL THIS YEAR. Form 50-875 Statements required in notice if the proposed tax rate exceeds the no-new-revenue tax rate and the voter-approval tax rate but does not exceed the de minimis rate, as prescribed by Tax Code §§26.06(b-1) and 26.063(c). NOTICE OF PUBLIC HEARING ON TAX RATE This notice only applies to a taxing unit other than a special taxing unit or municipality. A tax rate of $________________0_.3_2_6_1_8_2________________ per $100 valuation has been proposed by the governing body of ______________________R__oa_n_o_k_e_, _T_X______________________ PROPOSED TAX RATE $______0_._3_2_6_1_8_2______ per $100 NO-NEW-REVENUE TAX RATE $______0_._2_9_4_0_7_6______ per $100 VOTER-APPROVAL TAX RATE $______0_._3_2_1_1_4_2______ per $100 DE MINIMIS RATE $______0_._3_2_7_5_8_9______ per $100 The no-new-revenue tax rate is the tax rate for the 2025 tax year that will raise the same amount (current tax year) of property tax revenue for City of Roanoke 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 tax rate is the highest tax rate that City of Roanoke may adopt without holding (name of taxing unit) an election to seek voter approval of the rate, unless the de minimis rate for City of Roanoke exceeds the (name of taxing unit) voter-approval tax rate for City of Roanoke . (name of taxing unit) The de minimis rate is the rate equal to the sum of the no-new-revenue maintenance and operations rate for City of Roanoke , (name of taxing unit) the rate that will raise $500,000, and the current debt rate for City of Roanoke . (name of taxing unit) The proposed tax rate is greater than the no-new-revenue tax rate. This means that City of Roanoke is proposing (name of taxing unit) to increase property taxes for the 2025 tax year. (current tax year) A PUBLIC HEARING ON THE PROPOSED TAX RATE WILL BE HELD ON August 26, 2025, at 7pm (date and time) at 500 South Oak Street, Roanoke, TX 76262 . (meeting place) The proposed tax rate is greater than the voter-approval tax rate but not greater than the de minimis rate. However, the proposed tax rate exceeds the rate that allows voters to petition for an election under Section 26.075, Tax Code. If City of Roanoke (name of taxing unit) adopts the proposed tax rate, the qualified voters of the City of Roanoke may petition the City of Roanoke (name of taxing unit) (name of taxing unit) to require an election to be held to determine whether to reduce the proposed tax rate. If a majority of the voters reject the proposed tax rate, the tax rate of the City of Roanoke will be the voter-approval tax rate of the. City of Roanoke . (name of taxing unit) (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 absences.) FOR the proposal:_H_o_l_ly_G__ra_y_,_H__o_g_a_n_P_a_g_e_,_B_r_ia_n__D_a_r_b_y_,_B_r_ya_n__M_o_y_e_r_s_,_D_a_v_id__B_r_u_n_d_a_g_e_,_a_n_d_D__a_vi_d_T_h_o_m__p_s_o_n_ AGAINST the proposal: _M__a_yo_r__S_c_o_o_te_r_G__ie_r_is_c_h____________________________________________________ PRESENT and not voting:_N_o_n_e_________________________________________________________________ ABSENT: _N_o_n_e______________________________________________________________________________ Form developed by: Texas Comptroller of Public Accounts, Property Tax Assistance Division For additional copies, visit: comptroller.texas.gov/taxes/property-tax 50-875 • Rev. 2-25/6 Notice of Public Hearing on Tax Increase Form 50-875 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 Roanoke last year (name of taxing unit) to the taxes proposed to the be imposed on the average residence homestead by City of Roanoke this year. (name of taxing unit) N/A 2024 2025 Change Total tax rate 2024 adopted tax rate 2025 proposed tax rate (Increase/Decrease) of (nominal difference (per $100 of value) between tax rate for preceding year and proposed tax rate for current year) per $100, or (percentage difference between tax rate for preceding year and proposed tax rate for current year)% Average homestead 2024 average 2025 average (Increase/Decrease) of (percentage taxable value taxable value of taxable value of difference between average taxable value residence homestead residence homestead of residence homestead for preceding year and current year)% Tax on average 2024 amount of 2025 amount of (Increase/Decrease) of (nominal difference homestead taxes on average taxes on average between amount of taxes imposed on taxable value of taxable value of the average taxable value of a residence residence homestead residence homestead homestead in the preceding year and the amount of taxes proposed on the average taxable value of a residence homestead in the current year), or (percentage difference between taxes imposed for preceding year and taxes proposed for current year)% Total tax levy on all 2024 levy (2025 proposed rate x (Increase/Decrease) of (nominal difference properties current total value)/100 between preceding year levy and proposed levy for current year), or (percentage difference between preceding year levy and proposed levy for current year)%