Gholson Tax Info 23/24

Notice About 2023 Tax Rates

Property tax rates in City of Gholson.
This notice concerns the 2023 property tax rates for City of Gholson. This notice provides
information about two tax rates used in adopting the current tax year’s tax rate. The no-new-revenue
tax rate would Impose the same amount of taxes as last year if you compare properties taxed in both
years. In most cases, the voter-approval tax rate is the highest tax rate a taxing unit can adopt without
holding an election. In each case, these rates are calculated by dividing the total amount of taxes by
the current taxable value with adjustments as required by state law. The rates are given per $100 of
property value.
This year’s no-new-revenue tax rate $0.041386/$100
This year’s voter-approval tax rate $0.168799/$100
To see the full calculations, please visit for a copy of the Tax Rate
Calculation Worksheet.
Unencumbered Fund Balance
The following estimated balances will be left in the taxing unit’s accounts at the end of the fiscal
year. These balances are not encumbered by corresponding debt obligation.
Type of Fund Balance

Current Year Debt Service
The following amounts are for long-term debts that are secured by property taxes. These amounts
will be paid from upcoming property tax revenues (or additional sales tax revenues, if applicable).
Description of Debt

Principal or Contract
Payment to be Paid
from Property Taxes

Interest to be
Paid from
Property Taxes

Other Amounts
to be Paid Total Payment
0 0 0 0
Total required for 2023 debt service $0
– Amount (if any) paid from funds listed in
unencumbered funds $0
– Amount (if any) paid from other resources $0
– Excess collections last year $0
= Total to be paid from taxes in 2023 $0
+ Amount added in anticipation that the unit will
collect only 0.00% of its taxes in 2023 $0
= Total debt levy $0

This notice contains a summary of actual no-new-revenue and voter-approval calculations as
certified by Randy H. Riggs, Tax Assessor on 08/07/2023 .
Visit 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.