Form 50-873 Notice of Public Hearing on Tax Increase - Proposed Rate Exceeds No-New-Revenue and Voter-Approval Tax Rate - Texas

What Is Form 50-873?

This is a legal form that was released by the Texas Comptroller of Public Accounts - a government authority operating within Texas. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form 50-873?
A: Form 50-873 is a Notice of Public Hearing on Tax Increase in Texas.

Q: What does the form indicate?
A: The form indicates that the proposed tax rate exceeds the No-New-Revenue and Voter-Approval Tax Rate.

Q: What is the purpose of the form?
A: The purpose of the form is to notify the public about the upcoming hearing on the tax increase.

Q: What is the No-New-Revenue Tax Rate?
A: The No-New-Revenue Tax Rate is the maximum rate at which the taxing unit can adopt a tax rate without generating additional revenue compared to the previous year.

Q: What is the Voter-Approval Tax Rate?
A: The Voter-Approval Tax Rate is the maximum rate at which the taxing unit can adopt a tax rate without requiring voter approval.

Q: What happens at the public hearing?
A: At the public hearing, taxpayers and the public have the opportunity to provide feedback and express their concerns or support for the proposed tax increase.

Q: Is attending the public hearing mandatory?
A: Attending the public hearing is not mandatory, but it is encouraged for taxpayers who want to have their voices heard.

Q: Who should I contact for specific details about the tax increase?
A: You can contact the relevant Texas government agency responsible for the tax increase for specific details and information.

Q: Can I submit written comments or feedback instead of attending the public hearing?
A: Yes, you may have the option to submit written comments or feedback instead of attending the public hearing, depending on the instructions provided on the form.