G-95-09-28-9B - 9/28/1995ORDINANCE NO. v g 5- 09 - U- 98
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 1995.
BE IT ORDAINED BY THE 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 1995 upon all property,
real, personal and mixed, within the corporate limits of said City
subject to taxation, a tax of 18.161 cents on each One Hundred
Dollars ($100.00) valuation of property.
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 1995 upon all property, real, personal and
mixed, within the corporate limits of said City subject to
taxation, a tax of 24.474 cents on each One Hundred Dollars
($100.00) valuation of property.
SUMMARY
Maintenance and operation
of the Municipal Government 18.161 cents
Interest and Sinking 24.474 cents
Total Tax per $100.00 of valuation 42.635 cents
II.
All monies collected under this ordinance for the specific
items herein named, be and the same are hereby appropriated and set
KS\ORDINANCES
OR5091413
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.
READ and APPROVED on first reading this the 14th day of
September, 1995.
READ, APPROVED and ADOPTED on second reading this the 28th
day of September, 1995.
ATTEST:
E LAND, City Secretary
2.
/4,1
CHARLES C PPER, Mayor
City of Round Rock, Texas
****
For
********* 1995 SUMMARY *********
for CITY OF ROUND ROCK
> EFFECTIVE TAX RATE• 0.439065
> HEARING LIMIT• 0.452161
The maximum rate that can be
adopted WITHOUT a public hearing.
> ROLLBACK RATE' 0.452161
The maximum rate that can be
adopted WITHOUT triggering a
rollback election.
08/09/95
09:50
REMEMBER ****
most taxing units, the notice -and -hearing limit equals 1.03
times the effective tax rate. If a proposed tax rate exceeds
this amount, the unit must publish the required notice described
in Part 5 of the Phamplet, and hold a public hearing to discuss
the proposed tax rate.
If the unit's rollback rate is lower than 1.03 times the
effective rate, the unit must publish the notices and hold the
hearing to adopt a tax rate that exceeds the rollback tax rate.
DATE: September 26, 1995
SUBJECT: City Council Meeting, September 28, 1995
ITEM: 9. B. Consider an ordinance adopting the 1995 property tax rate. (Second Reading)
STAFF RESOURCE PERSON: David Kautz
STAFF RECOMMENDATION:
The proposed operating budget for Fiscal Year 1995-96 requires a property tax rate as follows:
Maintenance & Operations 18.161 Cents per $100 valuation
Debt Service 24 474 Cents per $100 valuation
Total Tax Rate 42.635 Cents per $100 valuation
The proposed tax rate is below the "Effective Tax Rate," the rate calculated by the City's Tax Assessor /
Collector that yields the same amount of revenue from properties on the tax roll this year that were on the
roll last year. (The Effective Tax Rate is 43.906 Cents)
The proposed tax rate is based on a certified tax roll value of $1,673,266,815.
Last year the tax rate was 48.896 Cents based on a tax roll of $1,401,354,832