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HomeMy WebLinkAboutRes 2020-08-773 Naming the Proposed Tax Rate the Council May Adopt for the 2020 Tax YearCITY OF ANNA, TEXAS RESOLUTION NO. 0ZQAQ7 Qg �1%�j A RESOLUTION OF THE CITY OF ANNA, TEXAS NAMING THE PROPOSED TAX RATE THE COUNCIL MAY ADOPT FOR THE 2020 TAX YEAR AND SETTING THE DATES AND TIMES FOR PUBLIC HEARINGS ON THE TAX RATE WHEREAS, the Constitution for the State of Texas (the "State") sets out the general requirements for truth4i taxation provisions requiring political subdivisions of the State to inform citizens in their jurisdiction of changes in the property tax rate; WHEREAS, the City of Anna, Texas (the "City") is a political subdivision of the State and is therefore subject to laws of the State; WHEREAS, Section 7.19 of the City Home Rule Charter (the "Charter") states the City has power to levy, assess, and collect taxes of every character and type for any municipal purpose not prohibited by state of federal law; WHEREAS, the City Council (the "Council") wishes to establish a proposed tax rate it may adopt; WHEREAS, the proposed tax rate exceeds the No -New -Revenue rate; WHEREAS, the Council wishes to hold a public hearing on the tax rate as stipulated in Texas Tax Code; NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ANNA, TEXAS THAT: Section 1. Recitals Incorporated. The recitals set forth above are incorporated herein for all purposes as if set forth in full. Section 2. Proposal of a proposed tax rate by the City of Anna The Council hereby proposes that the tax rate adopted by the City shall be $0.583000 per $100 of valuation. Section 3. Proposal of a proposed tax rate by the City of Anna The Council hereby sets September 1, 2020 at 6:30 p.m. as the date and time for the public hearing on the 2020 tax rate, said hearing to be held in the City Council Chambers of the Municipal Building located at 111 N. Powell Parkway in Anna, Texas. The Council further directs that notice of the time and place of the public hearing be published in the official newspaper of the City as required in Texas Tax Code § 26.06 and other applicable law. PASSED AND APPROVED by the City Council of the City of Anna, Texas on this I Ith day of August 2020, ATTESTED: City Secretary Carrie L. Land NN%%% unu�uIi,,��� OF A/� Soo °6*0 U APPROVED: r Nate Pike Form 50=876 Statements required in notice if the proposed tax rate exceeds the no -new -revenue tax rate but does not exceed the voter -approval tax rate, as prescribed by Tax Code §26.06(b-2). NOTICE OF PUBLIC HEARING ON TAX INCREASE A tax rate of $ 0.583000 per $100 valuation has been proposed by the governing body of the City of Anna PROPOSED TAX RATE $ 0.583000 per $100 NO -NEW -REVENUE TAX RATE $ 0.569415 per $100 VOTER -APPROVAL TAX RATE $ 0.586560 per $100 The no -new -revenue tax rate is the tax rate for the 2020 tax year that will raise the same amount (current tax year) of property tax revenue for the City of Anna from the same properties in both (name of faring unit) the 2019 tax year and the 2020 tax year. (preceding lac yet«) (current lax year) The voter -approval rate is the highest tax rate that the City of Anna may adopt without holding (name of lacing unit) an election to seek voter approval of the rate. The proposed tax rate is greater than the no -new -revenue tax rate. This means that the City of Anna is proposing _ to increase property taxes for the 2020 tax year. (mane of [acing unit) (current tax year) A PUBLIC HEARING ON THE PROPOSED TAX RATE WILL BE HELD ON September 1, 2020 at City Council Chambers, 111 N. Powell Parkway, Anna, Texas (dale and lime) (mewling piece) The proposed tax rate is not greater than the voter -approval tax rate. As a result, the City of Anna is not required («rune of taring «nit) to hold an election at which voters may accept or reject the proposed tax rate. However, you may express your support for or opposition to the proposed tax rate by contacting the members of the City Council the City of Anna (name of taring writ) (name ojo�ce responsible far at their offices or by attending the public hearing mentioned above. Jhe election) of YOUR TAXES OWED UNDER ANY OF THE TAX RATES MENTIONED ABOVE CAN BE CALCULATED AS FOLLOWS: Property tax amount = (tax rate) x (taxable value of your property) / 100 (List names of all members of the governing body below, showing now each voted on the proposal �to, consider the tax increase or, if one or more were absent, indicating absences.) FOR the proposal: KVV-M XcEtc 1t>m I JJL r�s� �` �G LePAUUVt -� 1�c �r�Crl►'t' AGAINST the proposal: PRESENT and not voting: ABSENT: Form developed by: TexasComptrollerofPublicAccounts,PropertyTaxAssistanceDivision For additional copies,visit:comptroller.texas.gov/taxes/property-tax sn_u76 �v.42Q_„