2022-2023 Property Tax Rate and Budget Notices
The City of Fairfield is proposing a tax rate of $0.432511, a rate that will raise more revenue from property taxes than last year’s tax rate by an amount of $72,194 which is a 6.40 percent increase from last year’s tax rate. The property tax revenue to be raised from new property added to the tax roll this year is $7,392.
NOTICE OF PUBLIC HEARING ON TAX INCREASE
PROPOSED TAX RATE $0.432511 per $100
NO-NEW-REVENUE TAX RATE $0.400686 per $100
VOTER-APPROVAL TAX RATE $0.432511 per $100
The no-new-revenue tax rate is the tax rate for the 2022 tax year that will raise the same amount of property tax revenue for 2021 from the same properties in both the 2021 tax year and the 2022 tax year.
The voter-approval tax rate is the highest tax rate that the City of Fairfield 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 Fairfield is proposing to increase property taxes for the 2022 tax year.
A PUBLIC HEARING ON THE PROPOSED TAX RATE WILL BE HELD ON Tuesday, September 6, 2022 at 6:00 p.m. at the Green Barn Civic Center, 839 East Commerce Street, Fairfield, TX 75840.
The proposed tax rate is not greater than the voter-approval tax rate. As a result, the City of Fairfield 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 Fairfield at their offices or by attending the public hearing mentioned above.
The notices for upcoming property tax year can be found below:
- Property Tax Rate Notice
- Proposed Property Tax Rate Notice
- Certified Valuation from the Freestone County Appraisal District
- Tax Worksheet from the Freestone County Tax Assessor/Collector
In addition, the proposed budget is available.
All interested persons including without limitation the Taxpayers, Property Owners, Residents and Citizens of the City of Fairfield, Texas are hereby given notice that a Public Hearing on the Proposed Operating Budget for the City of Fairfield, Texas Fiscal Year 2022-23 will be held on Tuesday, September 6, 2022, at 6:00 p.m. in the Civic Center (Green Barn) at 839 East Commerce Street, Fairfield, Freestone County, Texas. All interested persons may appear at the hearing and speak for or against the proposed budget.
The budget will raise more total property taxes than last year’s budget by an amount of $72,194 (6.40%) and of that $7,392 is tax revenue to be raised from new property added to the tax roll this year.
You can find taxing information for the City of Fairfield and the rest of Freestone County at the Freestone Truth in Taxation Website, found here.