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R-13-08-15-C2 - 8/15/2013RESOLUTION NO. R -13 -08 -15 - WHEREAS, Chapter 26 of the Property Tax Code [Vernon's Texas Codes Annotated, Tax Code, Sections 26.01 et. seq.] requires taxing units to comply with truth -in -taxation laws in adopting their tax rates, and WHEREAS, the Finance Director has calculated the effective tax rate and the rollback rate, submitted them to the City Council and caused them to be published in a newspaper of general circulation. WHEREAS, the City of Round Rock's 2013 proposed tax rate exceeds the effective rate, and WHEREAS, it is mandatory in such case for the governing body of the City of Round Rock to vote to place the proposal to adopt the rate on the agenda of a future meeting as an action item on which a record vote will be taken, and WHEREAS, it is necessary for the City Council to set a date, time, and place for the holding of two public hearings on the proposed property tax rate, Now Therefore BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK, TEXAS, That the first public hearing on the 2013 proposed property tax rate be held on the 5th day of September, 2013, at 7:00 o'clock p.m. at 221 E. Main Street, Round Rock, Williamson County, Texas, and the second public hearing on the 2013 proposed property tax rate be held on the 12th day of September, 2013 at 7:00 o'clock p.m. at 221 E. Main Street, Round Rock, Williamson County, Texas. That the ordinance to adopt the 2013 proposed property tax rate be placed on the agenda of the September 12, 2013 meeting of the Round Rock City Council as an action item on which a record vote of the first reading will be taken and recorded. That the ordinance to adopt the 2013 proposed property tax rate be placed on the agenda of the September 26, 2013 meeting of the Round Rock City Council as an action item on which a record vote of the second reading and final adoption will be taken and recorded. 0112.1304;00280625 That the City Council hereby approves the form of the attached Notice of Public Hearings on Tax Increase, attached hereto as Exhibit "A" and incorporated herein for all purposes, and directs the City Clerk to publish same in accordance with the provisions of Section 26.06 of the Texas Tax Code. The City Council hereby finds and declares that written notice of the date, hour, place and subject of the meeting at which this Resolution was adopted was posted and that such meeting was open to the public as required by law at all times during which this Resolution and the subject matter hereof were discussed, considered and formally acted upon, all as required by the Open Meetings Act, Chapter 551, Texas Government Code, as amended. RESOLVED this 15th day of August, 2013. SARA L. WHITE, City Clerk 2 iii ALAN MCGRAW, Mayor City of Round Rock, Texas EXHIBIT «A„ Notice of Public Hearing on Tax Increase The City of Round Rock will hold two public hearings on a proposal to increase total tax revenues from properties on the tax roll in the preceding tax year by 2.94 percent (percentage by which proposed tax rate exceeds lower of rollback tax rate or effective tax rate calculated under Chapter 26, Tax Code). Your individual taxes may increase at a greater or lesser rate, or even decrease, depending on the change in the taxable value of your property in relation to the change in taxable value of all other property and the tax rate that is adopted. The first public hearing will be held on September 5, 2013 at 7 p.m., at City Council Chambers. The second public hearing will be held on September 12, 2013 at 7 p.m., at City Council Chambers. The members of the governing body voted on the proposal to consider the tax increase as follows: FOR: AGAINST: PRESENT and not voting: ABSENT: The average taxable value of a residence homestead in the City of Round Rock last year was $174,210 (aver- age taxable value of a residence homestead in the taxing unit for the preceding tax year, disregarding residence homestead exemptions available only to disabled persons or persons 65 years of age or older). Based on last year's tax rate of $0.42035 per $100 of taxable value, the amount of taxes imposed last year on the average home was $732.29 (tax on average taxable value of a residence homestead in the taxing unit for the preceding tax year, disregarding residence homestead exemptions available only to disabled persons or persons 65 years of age or older). The average taxable value of a residence homestead in the City of Round Rock this year is $181,526 (average taxable value of a residence homestead in the taxing unit for the current tax year, disregarding residence homestead exemptions available only to disabled persons or persons 65 years of age or older). If the governing body adopts the effective tax rate for this year of $0.40749 per $100 of taxable value, the amount of taxes imposed this year on the average home would be $739.70 (tax on average taxable value of a residence homestead in the taxing unit for the current tax year, disregarding residence homestead exemptions available only to disabled persons or persons 65 years of age or older). If the governing body adopts the proposed tax rate of $0.41949 per $100 of taxable value, the amount of taxes imposed this year on the average home would be $761.48 (tax on the average taxable value of a residence homestead in the taxing unit for the current tax year, disregarding residence homestead exemptions available only to disabled persons or persons 65 years of age or older). Members of the public are encouraged to attend the hearings and express their views. 3