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 ON 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 $0.818931 per $100 valuation has been proposed by the governing body of the City of River Oaks PROPOSED TAX RATE $0.818931 per $100 NO-NEW-REVENUE TAX RATE $0.765778 per $100 VOTER-APPROVAL TAX RATE $0.818931 per $100 The no-new-revenue tax rate is the tax rate for the 2026 tax year that will raise the same amount of property tax revenue for City of River Oaks from the same properties in both the 2025 tax year and the 2026 tax year. The voter-approval rate is the highest tax rate that City of River Oaks 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 River Oaks is proposing to increase property taxes for the 2026 tax year. A PUBLIC HEARING ON THE PROPOSED TAX RATE WILL BE HELD ON Tuesday, August 25, 2026 at 6:00 P.M. at 4900 River Oaks Blvd., River Oaks, Texas 76114 in the City Council Chambers. The proposed tax rate is not greater than the voter-approval tax rate. As a result, City of River Oaks 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 the City of River Oaks at their offices or 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 the absences) FOR the proposal: John Claridge, Place 1; Steve Holland, Place 2; Leigh Ann Turner, Place 3; Yolie Rodriguez, Place 4 and Brent Forester, Place 5 AGAINST the proposal: None PRESENT and not voting: None ABSENT: None 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 River Oaks last year to the taxes proposed to be imposed on the average residence homestead by City of River Oaks this year. 2025 2026 Change Total tax rate (per $0.743991* $0.818931* (Increase of 1.100727/$100 $100 of value) of value or 10.07%) * Maintenance & Operations Rate + Combined Debt Tax Rate+ Unused Increment Tax Rate= Total Tax Rate Average homestead $195,407 $206,620 Increase of 1.05738 % taxable value (percentage difference between average taxable value of residence homestead for preceding year and current year) Tax on average homestead $1,453.81 $1,692.07 Increase of $238.26 of nominal difference between amount of taxes imposed on the average taxable value of a residence homestead in 2025 and the amount of taxes proposed on the average taxable value of a residence homestead in 2026. Total tax levy on all $3,579,427 $3,721,261** ** Increase of $141,834 that properties includes a combined debt rate of $613,852 (principal & interest or adjusted debt of $1,198,995 less $585,143 paid through the water fund) For assistance with tax calculations, please contact the tax assessor for City of River Oaks at 817-626-5421 Extension 324 or mgregory@riveroakstx.com, or visit www.riveroakstx.com for more information.