G-13-09-26-G2 - 9/26/2013ORDINANCE NO.
AN ORDINANCE LEVYING TAXES FOR THE MAINTENANCE AND
OPERATION OF THE MUNICIPAL GOVERNMENT OF THE CITY OF
ROUND ROCK, TEXAS, AND PROVIDING FOR THE INTEREST AND
SINKING FUND FOR THE YEAR 2013.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF ROUND ROCK,
TEXAS:
I.
That there is hereby levied and there shall be collected for the maintenance and operation
of the municipal government of the City of Round Rock, Texas, for the year 2013 upon all
property, real, personal and mixed, within the corporate limits of said City subject to taxation, a
tax of 28.003 cents on each One Hundred Dollars ($100.00) valuation of property. THIS TAX
RATE WILL RAISE MORE TAXES FOR MAINTENANCE AND OPERATIONS
THAN LAST YEAR'S TAX RATE. THE TAX RATE WILL EFFECTIVELY BE
RAISED BY 2.1 PERCENT AND WILL RAISE TAXES FOR MAINTENANCE AND
OPERATIONS ON A $100,000 HOME BY APPROXIMATELY $6.00.
That there is hereby levied and there shall be collected for the City of Round Rock,
Texas, to provide for Interest and Sinking Funds for the year 2013 upon all property, real,
personal and mixed, within the corporate limits of said City subject to taxation, a tax of 13.946
cents on each One Hundred Dollars ($100.00) valuation of property.
SUMMARY
Maintenance and operation
of the Municipal Government
Interest and Sinking
Total Tax per $100.00 of valuation
0112.1304; 00281699
28.003 cents
13.946 cents
41.949 cents
II.
All monies collected under this ordinance for the specific items herein named, be and the
same are hereby appropriated and set apart for the specific purpose indicated in each item and
that the Assessor and Collector of Taxes, and the City Finance Director shall keep these accounts
so as to readily and distinctly show the amount collected, the amounts expended and the amount
on hand at any time, belonging to such funds. All receipts for the City not specifically
apportioned by this ordinance are hereby made payable to the General Fund of the City.
The City Council hereby finds and declares that written notice of the date, hour, place
and subject of the meeting at which this Ordinance was adopted was posted and that such
meeting was open to the public as required by law at all times during which this Ordinance 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.
READ and APPROVED on first reading this the I Z day of fikoei LP -v- ,
2013.
READ, APPROVED and ADOPTED on second reading this the 2-05. day of
2013.
ATTEST:
SARA L. WHITE, City Clerk
ALAN MCGRAW, Mayor
City of Round Rock, Texas
2
ROUND ROCK, TEXAS
PURPOSE AMOK roOSPHif
City of Round Rock
Agenda Item Summary
Agenda Number: G.2
Title: Consider an ordinance adopting the 2013 Property Tax Rate for the City of
Round Rock (Second Reading)
Type: Ordinance
Governing Body: City Council
Agenda Date: 9/26/2013
Dept Director: Cheryl Delaney, Finance Director
Cost:
Indexes:
Attachments: Ordinance
Text of Legislative File 13-700
Item Summary:
The proposed FY2013-2014 Operating budget is balanced at the property tax rate of 41.949
cents per $100 of appraised taxable value and exceeds the effective tax rate. Under this
proposal, taxes on the average homestead (appraised value of $181,526) would be $761
annually. Individual taxes may increase at a greater or lesser rate, or even decrease,
depending on the change in taxable value of the property.
This tax rate provides adequate funding for the proposed operating budget. It remains
competitive when compared to other municipalities.
STATE LAW REQUIRES THAT THE MOTION TO ADOPT THE ORDINANCE BE STATED
AS FOLLOWS:
"7 MOVE THAT THE PROPERTY TAX RATE BE INCREASED BY THE ADOPTION OF A
TAX RATE OF 41.949, WHICH IS EFFECTIVELYA 2.9% PERCENT INCREASE IN THE
TAX RATE."
2013 Proposed Tax Rate (FY 2013-2014) - $0.41949
2013 Effective Tax Rate (FY 2013-2014) - $0.40749
2012 Tax Rate (FY 2012-2013) - $0.42035
Public hearings regarding the proposed FY 2013-2014 Operating Budget are being held
September 12 and September 26, 2013.
The second public hearing and first reading of the ordinance regarding the tax rate is being
held September 12, 2013 and the second reading of the ordinance is being held September
26, 2013.
City of Round Rock Page 1 Printed on 9/23/2013
Agenda Item Summary Continued (13-700)
Cost: NA
Source of Funds: NA
Action:
Staff recommends approval of the second reading.
City of Round Rock Page 2 Printed on 9/23/2013