Notice of Adopted 2021 Tax Rate:
CITY OF DEER PARK ADOPTED A TAX RATE THAT WILL RAISE MORE TAXES FOR MAINTENANCE AND OPERATIONS THAN LAST YEAR'S TAX RATE. THE TAX RATE WILL EFFECTIVELY BE RAISED BY 3.44 PERCENT AND WILL RAISE TAXES FOR MAINTENANCE AND OPERATIONS ON A $100,000 HOME BY APPROXIMATELY $-9.57.
The required “Notice of Adopted 2021 Tax Rate” is prepared in accordance with the language required by the Texas Property Tax Code. Because this required language is actually a statement of two separate and distinct comparisons, the following explanation may help it to make more sense:
“The tax rate will effectively be raised by 3.44 percent….” is in reference to the comparison of the No-New-Revenue Maintenance & Operations (M&O) Tax Rate determined by the Truth-in-Taxation calculation for Tax Year 2021 and the Proposed Maintenance & Operations Tax Rate for Tax Year 2021.
The No-New-Revenue M&O Tax Rate = $0.540609 per $100 valuation
The Proposed M&O Tax Rate = $0.559216 per $100 valuation
The difference between the No-New-Revenue M&O tax rate and the Proposed M&O tax rate is 3.44%
and will raise taxes for maintenance and operations on a $100,000 home by approximately $-9.57.” is in reference to the comparison of the Current (Tax Year 2020) No-New-Revenue Maintenance & Operations (M&O) Tax Rate and the Proposed Maintenance & Operations Tax Rate for Tax Year 2021.
The Current M&O Tax Rate = $0.568794 per $100 valuation
The difference between the Current M&O tax rate and the Proposed M&O tax rate is -1.68%
The source of the “$100,000 valuation” is the Texas Property Tax Code and is not representative of the average valuation in the City of Deer Park.
The total tax rate of $0.720000 per $100 valuation is unchanged from the current tax rate and remains unchanged from the last five years.
The City has enacted an over-65 exemption, which currently applies to approximately 25% of the residences in Deer Park. This means that a ceiling has been established for the property tax in the year the homeowner turns 65-years of age. Unless changes are made to add value to the property (e.g., add a swimming pool), these taxes will not increase.
Because the tax rate of $0.720000 per $100 valuation is unchanged from the current tax rate, any change in taxes owed to the City is based on the change in valuation not the change in the tax rate. The City does not control property tax values, those are determined by the Harris County Appraisal District. A homeowner has an opportunity to protest that value once a year.