This version of the form is not currently in use and is provided for reference only. Download this version of Form 50-877 for the current year.

Form 50-877 Notice of Public Hearing on Tax Increase - Proposed Rate Does Not Exceed No-New-Revenue Tax Rate, but Exceeds Voter-Approval Tax Rate - Texas

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What Is Form 50-877?

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 50-877?
A: Form 50-877 is a notice of public hearing on tax increase.

Q: What does the notice entail?
A: The notice states that the proposed tax rate does not exceed the no-new-revenue tax rate, but it exceeds the voter-approval tax rate.

Q: What is the purpose of the notice?
A: The notice informs the public about the upcoming public hearing on the tax increase.

Q: What is the significance of the no-new-revenue tax rate?
A: The no-new-revenue tax rate refers to the maximum tax rate that can be adopted without resulting in an increase in overall tax revenue.

Q: What is the voter-approval tax rate?
A: The voter-approval tax rate is the maximum tax rate that can be adopted without being subject to a voter referendum.

Q: Why is a public hearing necessary for the tax increase?
A: A public hearing allows the public to provide input and express their concerns or support regarding the proposed tax increase.

Form Details:

Released on April 1, 2022;
The latest edition provided by the Texas Comptroller of Public Accounts;
Easy to use and ready to print;
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Download a printable version of Form 50-877 by clicking the link below or browse more documents and templates provided by the Texas Comptroller of Public Accounts.