Note on tax rates 2024
Property tax rates in the city of Glenn Heights.
This notice is for the 2024 property tax rates in the city of Glenn Heights. This notice provides information on two tax rates that were used in setting the tax rate for the current tax year. The tax rate with no new revenue would impose the same amount of tax as last year if you compare properties taxed in both years. In most cases, the voter-approved tax rate is the highest tax rate a taxing entity can set without holding an election. In each case, these rates are calculated by dividing the total amount of tax by the current taxable value, with adjustments made as required by state law. Rates are quoted per $100 of property value.
This year’s tax rate without new revenue is $0.547525/100 USD
This year’s tax rate is $0.565015/100 USD.
Complete calculations can be found at https://glennheightstx.gov, where you can also obtain a copy of the tax rate calculation worksheet.
Unencumbered fund balance
At the end of the tax year, the following estimated amounts remain in the tax unit’s accounts. These amounts are not burdened by corresponding debt obligations.
Type of fund assets
General Fund 9,557,798
Debt service 99,121
Debt service in the current year
The following amounts apply to long-term debt secured by property taxes. These amounts will be paid from future property tax revenues (or additional sales tax revenues, if applicable).
Description of debts
Principal or contractual payment to be paid from the property tax
Interest payable on property tax
Other amounts Total payment
Debt 1,028,887 366,431 5,500 1,400,818
A total of USD 1,400,818 is required for debt service in 2024.
– Amount (if any) paid from the funds listed in the unencumbered funds
$0
– Amount (if any) paid from other sources: 0 USD
– Surplus income last year $0
= Total amount of taxes payable in 2024: USD 1,400,818
+ Amount added in anticipation of the assumption that the unit
only collect 100.00% of taxes in 2024 $0
= Total debt collection $1,400,818
This notice contains a summary of the actual no new revenue and voter approval calculations as certified by John R. Ames, PCC, CTA, Tax Assessor/Collector, on 7/29/2024.
Visit Texas.gov/PropertyTaxes for a link to your local property tax database. There you can easily access information about your property taxes, including information on proposed tax rates and scheduled public hearings for all entities that tax your property.
The 86th Texas Legislature changed the way the voter approval tax rate is calculated to limit the growth of property taxes in the state.
GH notification of public hearing on evidence of a tax increase
GH notification of public hearing on evidence of a tax increase
