NOTICE OF PUBLIC HEARING ON TAX INCREASE

A tax rate of $0.329001 per $100 valuation has been proposed by the governing body of Town of Fairview.

The no-new-revenue tax rate is the tax rate for the 2026 tax year that will raise the same amount of property tax revenue for Town of Fairview from the same properties in both the 2025 tax year and the 2026 tax year.

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

The de minimis rate is the rate equal to the sum of the no-new-revenue maintenance and operations rate for Town of Fairview, the rate that will raise $500,000, and the current debt rate for Town of Fairview.

The proposed tax rate is greater than the no-new-revenue tax rate. This means that Town of Fairview is proposing to increase property taxes for the 2026 tax year.

A PUBLIC HEARING ON THE PROPOSED TAX RATE WILL BE HELD ON August 18, 2026 AT 7:00

PM AT Fairview Town Hall, 372 Town Pl., Fairview, TX 75069.

The proposed tax rate is greater than the voter-approval tax rate but not greater than the de minimis rate and does not exceed the rate that allows voters to petition for an election under Section 26.075, Tax Code. If Town of Fairview adopts the proposed tax rate, the Town of Fairview is not required to hold an election so that voters may accept or reject the proposed tax rate and the qualified voters of the Town of Fairview may not petition the Town of Fairview to require an election to be held to determine whether to reduce the proposed tax rate.

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

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

FOR the proposal:           

John Hubbard                                        Lakia Works

Pat Sheehan                                           John Stanley

Joe Boggs                                              Rich Connelly

Jill Hawkins

AGAINST the proposal:

PRESENT and not voting:

ABSENT:

Visit Texas.gov/PropertyTaxes to find a link to your local property tax database on which you can easily access information regarding your property taxes, including information about proposed tax rates and scheduled public hearings of each entity that taxes your property.

The 86th Texas 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 Town of Fairview last year to the taxes proposed to be imposed on the average residence homestead by Town of Fairview this year.

For assistance with tax calculations, please contact the tax assessor for Town of Fairview at 972-547-5020 or taxassessor@collincountytx.gov, or visit https://www.collincountytx.gov/tax-assessor/services for more information.

LEGAL NOTICE

NOTICE OF PUBLIC HEARING ON PROPOSED BUDGET

The Town Council for the Town of Fairview, Texas will hold a public hearing to receive input on the Town of Fairview Fiscal Year 2026-27 Proposed Budgeton Tuesday, August 18, 2026, at 7:00 p.m. at the Fairview Town Hall Council Chambers locatedat 372 Town Place in Fairview, Texas 75069. Visit the Town’s website at: www.fairviewtexas.org for more information.

THIS BUDGET WILL RAISE MORE REVENUE FROM PROPERTY TAXES THAN LAST YEAR’S BUDGET BY AN AMOUNT OF $713,853 WHICH IS A 6.33% INCREASE FROM LAST YEAR’S BUDGET. THE PROPERTY TAX REVENUE TO BE RAISED FROM NEW PROPERTY ADDED TO THE TAX ROLL THIS YEAR IS $324,330.