The City of Murphy will hold two public hearings on a proposal to increase total tax revenues from properties on the tax roll in the preceding tax year by 6.40 percent (percentage by which proposed tax rate exceeds lower of rollback tax rate or effective tax rate calculated under Chapter 26, Tax Code). Your individual taxes may increase at a greater or lesser rate, or even decrease, depending on the change in the taxable value of your property in relation to the change in taxable value of all other property and the tax rate that is adopted.

The first public hearing will be held on Monday, August 16, 2010 at 6:00 PM at City of Murphy – Council Chambers, 206 N. Murphy Road, Murphy, Texas 75094.

The second public hearing will be held on Tuesday, September 7, 2010 at 6:00 PM at City of Murphy – Council Chambers, 206 N. Murphy Road, Murphy, Texas 75094.

The members of the governing body voted on the proposal to consider the tax increase as follows:

FOR: Bret Baldwin, John Daugherty, Colleen Halbert, Dennis Richmond, Scott Bradley, Mike Daniel, Dave Brandon

AGAINST: 0

PRESENT and not Voting: 0

ABSENT: 0

The average taxable value of a residence homestead in City of Murphy last year was $254,144. Based on last year’s tax rate of $0.538405 per $100 of taxable value, the amount of taxes imposed last year on the average home was $1, 368.32.

The average taxable value of a residence homestead in City of Murphy this year is $251,303. If the governing body adopts the effective tax rate for this year of $0.546713 per $100 of taxable value, the amount of taxes imposed this year on the average home would be $1, 373. 91.

If the governing body adopts the proposed tax rate of $0.5817 per $100 of taxable value, the amount of taxes imposed this year on the average home would be $1,461.83.

Members of the public are encouraged to attend the hearings and express their views.

Publisher's Note:   This notice was not initally sent to the Messenger by the City of Murphy as most notices/press releases are. Thank you to the reader who alerted us to these Public Hearings. The Messenger does not charge the City of Murphy for printing any Public Service Announcement, Press Release, Notice or other type of information benefitting our readers.