R-99-08-26-10C5 - 8/26/1999lk STATE
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Notice of Public Hearing on Tax Increase
The City of Round Rock will hold a; public ;haring on a proposal to,
increase total tax revenues from properties on ljre tax'rollby 8 78 " : ,,I
Your individual taxe may increase or decrease depend pg o the r .14 4.
� your property in relation "to the ehange'in
value of all other property and the tax rate that isYadopted. i
The public hearin will be held on September 9, 1999 at City Con
Chamber ? ' ,_�r. Asu to v.,e
k �
FOR the pro tluk l iela A r- a r .. z
Joseph _
AGAINST the proposal: None
PRESENT and not voting: None
General exemption available
(amount available on the average
homestead, not including senior citizen's
or disabled person's exemptions)
ABSENT: None
The following table compares taxes on an average home in this taxing, unit
last year to taxes proposed on the average home this year. Again, your
individual taxes may be higher or lower, depending on the taxable value, of
your property.
Last Year
Average residence homestead value $107,459
$o
This Year
$110,884
G..§iat A
$0
Average taxable value $107,459 ,.$110,884
Tax rate $0;38500 $0.36295 Y ;
Tax $413.72 $402.45
Under this proposal, taxes on the average homestead would decrease by
$11.27 or 2.72 percent compared with last year's taxes: - Comparing
rates" without adjusting for change$ m !alae, the, tax �,-
"decrease by $0.02205 per $ pro
$100 ot''ta:table` vii 7 'CenE e
to last year's tax rate. These tax rate figures are not adjusted for changes in
the taxable value of property.
}
RESOLUTION NO. R- 99- 08- 26 -1005
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 City of Round Rock's 1999 proposed tax rate will
raise more property tax revenue (1999 proposed taxes) than the
preceding year (1998 property taxes), 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 a public hearing on the proposed
property tax rate, and
WHEREAS, the proposed property tax rate is 36.295 cents per $100
valuation compared to 38.5 cents for the prior year, Now Therefore
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK, TEXAS,
That the proposal to adopt the 1999 proposed property tax rate be
placed on the agenda of the September 9, 1999 meeting of the Round Rock
City Council as an action item on which a record vote will be taken and
recorded.
X: \WP DOGS \RESOLUTI \R9O636SC.UPD /jkg
That a public hearing on the 1999 proposed property tax rate be
held on the C day of the month of 1999, at
1 o'clock J.m. at wok , Round Rock, Williamson
County, Texas.
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, and the Act.
RESOLVED this 26th day of August, 1999.
ATTEST:
LAND, City Secretary
2
ROBERT A. STLUKA, JR, Mayor
City of Round Rock, Texas
DATE: August 18, 1999
SUBJECT: City Council Meeting — August 26, 1999
ITEM: 10.C.5. Consider a resolution, which places a proposal to adopt the City of
Round Rock property tax rate on the agenda of a future Council
meeting and sets a date, time and place for a public hearing on the
proposed property tax rate. In compliance with Truth in Taxation
law, if the City's proposed tax rate will raise more property tax
revenue than the preceding year, the Council must vote to place the
proposal to adopt the rate on the agenda of a future meeting. The
proposed property tax rate is 36.295 cents per $100 valuation.
Although the proposed rate is lower than last year's rate of 38.5 cents
per $100 valuation, and the property tax on an average residence is
less than last year, total tax revenues will increase due to new
properties appearing on the tax roll. Staff Resource Person: David
Kautz, Finance Director.