Coppell Notice Of Meeting To Vote On Tax Rate

From City of Coppell:

A tax rate of $0.580000 per $100 valuation has been proposed by the governing body of the City of Coppell.

The no-new-revenue tax rate is the tax rate for the 2020 tax year that will raise the same amount of property tax revenue for the City of Coppell from the same properties in both the 2019 tax year and the 2020 tax year.

The voter-approval rate is the highest tax rate that the City of Coppell may adopt without holding an election to seek voter approval of the rate, unless the de minimis rate for the City of Coppell exceeds the voter-approval tax rate for the City of Coppell.

The proposed tax rate is not greater than the no-new-revenue tax rate. This means that the City of Coppell is not proposing to increase property taxes for the 2020 tax year.

A public meeting to vote on the proposed tax rate will be held on Tuesday, September 15th, 2020, at 6:00 pm at 255 Parkway Blvd., Coppell, TX 75019 - virtual.

The proposed tax rate is not greater than the voter-approval tax rate. As a result, the City of Coppell 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 Coppell at their offices or by virtually attending the public meeting mentioned above.

YOUR TAXES OWED UNDER ANY OF THE TAX RATES MENTIONED ABOVE CAN BE CALCUATED AS FOLLOWS:

Property tax amount = ( tax rate ) x ( taxable value of your property ) / 100

The members of the governing body voted on the proposed tax rate as follows:

FOR: Long, Hinojosa-Smith, Mays, Roden, Yingling, Mathew, Hill

AGAINST: —

PRESENT and not voting: —

ABSENT: —

The 86th 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 Coppell last year to the taxes proposed to be imposed on the average residence homestead by the City of Coppell this year.

Total tax rate (per $100 of value)

$0.584000

$0.580000

Decrease of 0.68%

Average homestead taxable value

$366,755

$380,326

Increase of 3.70%

Tax on average homestead

$2,142

$2,205

Increase $64 or 2.99%

Total tax levy on all properties

$47,511,011

$44,954,987

Increase of -$2,556,024 or -5.37%

For assistance with tax calculations, please contact John R. Ames, PCC, CTA, Dallas County Tax Assessor/Collector, the tax assessor for the City of Coppell at 214-653-7811 or TNTHELP@dallascounty.org, or visit www.coppelltx.gov.

This press release was produced by City of Coppell. The views expressed here are the author’s own.