NOTICE OF PUBLIC HEARING ON TAX INCREASE A tax rate of $0.639000 per $100 valuation has been proposed by the governing body of CITY OF MANSFIELD. PROPOSED TAX RATE $0.639000 per $100 NO-NEW-REVENUE TAX RATE $0.608019 per $100 VOTER-APPROVAL TAX RATE $0.683742 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 CITY OF MANSFIELD from the same properties in both the 2024 tax year and the 2025 tax year. The voter-approval rate is the highest tax rate that CITY OF MANSFIELD 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 MANSFIELD is proposing to increase property taxes for the 2025 tax year. A PUBLIC HEARING ON THE PROPOSED TAX RATE WILL BE HELD ON SEPTEMBER 8, 2025 AT 6:00pm AT City Hall, 1200 E. Broad Street, Mansfield, TX 76063. The proposed tax rate is not greater than the voter-approval tax rate. As a result, CITY OF MANSFIELD 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 CITY OF MANSFIELD 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 FOR the proposal: Mayor Michael Evans Council Member Larry Broseh Council Member Tamera Bounds Council Member Juan Fresquez Council Member Brent Newsom Council Member Todd Simmons AGAINST the proposal: PRESENT and not voting: ABSENT: Council Member Todd Tonore 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 MANSFIELD last year to the taxes proposed to be imposed on the average residence homestead by CITY OF MANSFIELD this year. 2024 2025 Change Total tax rate (per $100 of value) $0.645000 $0.639000 decrease of -0.006000 per $100, or -0.93% Average homestead $339,149 $338,056 decrease of -0.32% taxable value Tax on average homestead $2,187.51 $2,160.18 decrease of -27.33, or -1.25% Total tax levy on all properties $61,216,735 $66,435,953 increase of 5,219,218, or 8.53% For assistance with tax calculations, please contact the tax assessor for CITY OF MANSFIELD at 817- 884- 1100 or taxoffice@tarrantcounty.com, or visit www.tarrantcounty.com for more information.