Notice of Tax Rate and Budget

Creating a budget and adopting a property tax rate to support that budget are major functions of a taxing unit's governing body. This is accomplished by following truth-in-taxation requirements to ensure the public is informed of any increases. Truth-in-taxation is a concept embodied in the Texas Constitution that requires local taxing units to make taxpayers aware of tax rate proposals and to afford taxpayers the opportunity to roll back or limit tax increases. Property owners have the right to know about increases in their properties' appraised value and to be notified of the estimated taxes that could result from the new value. 

This webpage complies with Sec 26.18 Posting of Tax Rate and Budget Information by Taxing Unit on Website.
 

Public Notices

Taxing units are required to publish their calculated effective and rollback tax rates. Counties and cities must meet publishing requirements in the Local Government Code.

• 2024 City of Corinth Tax Rate Calculation
• Form 50-876: Notice of Public Hearing on Tax Increase 
• Notice of Tax Rate
• 2024 Notice on Public Hearing on Budget 

Public Official Mailing Address

City of Corinth
3300 Corinth Parkway
Corinth, Texas 76208

Public Hearings

After publishing the required notice, taxpayers must have the opportunity to express their views on tax increases at hearings. A quorum of the governing body must be present at all hearings. All public hearings and public meetings must be open to the public and follow Texas Open Meetings Act requirements. 

• Public Hearing on the Tax Rate will be held on Thursday, September 19, 2024
• Public Hearing on the Fiscal Year 2024-2025 Annual Budget will be held on Thursday, September 5, 2024
• All Public Hearings will be held at 6:30 pm at Corinth City Hall, 3300 Corinth Parkway, Corinth, Texas 76208 or virtually by visiting the Live Meetings page.

Budget Adoption

The City Council will consider and adopt the Tax Rate and the Fiscal Year 2024-2025 Annual Budget on Thursday, September 19, 2024. The City Council meeting was held at 7:00pm at Corinth City Hall, 3300 Corinth Parkway, Corinth, Texas 76208. 

Annual Budget

View the City of Corinth's adopted budget for the two preceding fiscal year's and the proposed budget for the current fiscal year.

• Proposed Fiscal Year 2024-2025 Annual Budget
• Adopted Fiscal Year 2023-2024 Annual Budget
• Adopted Fiscal Year 2022-2023 Annual Budget

Annual Financial Audit

View the City of Corinth's annual financial audit for prior fiscal year.

• Comprehensive Annual Financial Report - Fiscal Year 2022-2023
• Comprehensive Annual Financial Report - Fiscal Year 2021-2022

Change in Budget

The table below shows the change in the amount of the taxing unit's budget from the preceding year to the current year, by dollar amount and percentage.  

Historical Property Tax Rate

The table below shows the property tax rate for the preceding two fiscal years and the proposed budget.

Historical Property Tax Revenue

The table below shows the amount of property tax revenue budgeted for maintenance and operations and debt service for the preceding two fiscal years and the proposed budget.