NOTICE OF PUBLIC HEARING ON TAX RATE This notice only applies 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. PROPOSED TAX RATE $0.696190 per $100 NO-NEW-REVENUE TAX RATE $0.687818 per $100 VOTER-APPROVAL TAX RATE $0.745-716 per $100 The no-new-revenue tax rate is the tax rate for the 2025 tax year that will raise the same amount of property tax revenue for the City of Kennedale from the same properties in both the 2024 tax year and the 2025 tax year. The voter-approval tax rate is the highest tax rate that the City of Kennedale 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 the City of Kennedale is proposing to increase property taxes for the 2025 tax year. A PUBLIC HEARING ON THE PROPOSED TAX RATE WILL BE HELD ON August 27, 2025 at 5:30pm at 405 Municipal Drive, Kennedale, TX 76060. The proposed tax rate is not greater than the voter-approval tax rate. As a result, the City of Kennedale is not required to hold an election at which voter 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 the City of Kennedale at their offices or by attending the public hearing mentioned above. 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 absenses) FOR the proposal: ___________________________________________ AGAINST the proposal: _______________________________________ PRESENT and not voting: ______________________________________ ABSENT: ___________________________________________________ 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 the City of Kennedale last year to the taes proposed to the be imposed on the average residence homestead by the City of Kennedale this year. 2024 2025 Change Total tax rate $0.706190 $0.696190 Decrease of $0.01 per $100, or 1.416% (034 $100 of value) Average homestead $323,321 $335,000 Increase of $11,679 or 3.61% taxable value Tax on average $2,283.26 $2,319.88 Increase of $48.98, or 2.15% homestead Total tax levy on all $8,582,334 $8,599,130 Increase of $62,617 or 0.73% properties For assistance with tax calculations, please contact the tax assessor for Tarrant County at 817-884-1100 or taxoffice@tarrantcountytx.gov, or visit www.tarrantcountytx.gov/en/tax.html