Correct.
And the paper you got this week isn't your bill either. It's your new property value (according to the appraisal district) only. The tax numbers aren't accurate on this statement because they're using last years tax rates and this year's appraisal value. But it's an estimate basically saying "if last years tax rates stay the same, this is what you would be paying".
The taxing entities (school, county, etc) will adjust the tax rates this summer during their budget seasons, the rates will likely be lowered a bit, and you'll get your real number in October or November that, in all likelihood, will be different/lower than this statement.
This is sent out so that you can have time to go protest the value of the property if need be, before the appraisal roles are finalized in May/June.
And the paper you got this week isn't your bill either. It's your new property value (according to the appraisal district) only. The tax numbers aren't accurate on this statement because they're using last years tax rates and this year's appraisal value. But it's an estimate basically saying "if last years tax rates stay the same, this is what you would be paying".
The taxing entities (school, county, etc) will adjust the tax rates this summer during their budget seasons, the rates will likely be lowered a bit, and you'll get your real number in October or November that, in all likelihood, will be different/lower than this statement.
This is sent out so that you can have time to go protest the value of the property if need be, before the appraisal roles are finalized in May/June.