HomeMy WebLinkAboutOrd 509-2010 Setting the FY 2010-2011 Property Tax RateCITY OF ANNA, TEXAS
Ordinance No. 509-2010
Ordinance Setting the Tax Rate for the Next Fiscal Year
AN ORDINANCE LEVYING PROPERTY TAXES FOR USE AND SUPPORT OF THE
MUNICIPAL GOVERNMENT OF "rHE CITY OF ANNA FOR THE 2010-2011 FISCAL
YEAR; PROVIDING FOR AN INTEREST AND SINKING FUND FOR ALL
OUTSTANDING DEBT OF THE CITY OF ANNA; PROVIDING FOR APPORTIONING
EACH LEVY FOR THE SPECIFIC PURPOSES; AND, PROVIDING WHEN TAXES
SHALL BECOME DUE AND WHEN SAME SHALL BECOME DELINQUENT IF NOT
PAID.
BE IT ORDAINED BY THE CITY COUNCIL OF ·rHE CITY OF ANNA.
SECTION 1. That there is hereby levied and there shall be collected for the use and
support of the municipal government of the City of Anna, and to provide an Interest and
Sinking fund for the 2010-2011 fiscal year, upon all property, real, personal and mixed,
within the corporate limits of said City subject to taxation, a tax of $0.6503320n each
$100.00 valuation of property, said tax being so levied and apportioned to the specific
purposes here set forth:
1. For the maintenance and support of the general government (General Fund),
$0.554225 on each $100.00 valuation of property.
2. For the purpose of creating an Interest and Sinking fund to pay the interest and
principal maturities of all outstanding debt of the City of Anna, not otherwise provided for,
a tax of $.096107 on each $100 valuation of property.
The tax rate for Interest and Sinking will increase by 3.57%%. The 2010 taxable value
of existing property decreased by 4.8% from the previous year. The average taxable
value of a residence homestead in the City of Anna last year was $120,237. Based on
last year's tax rate of $0.622733 per $100 of taxable value, the amount of taxes imposed
last year on the average home was $748.76. The average taxable value of a residence
homestead in the City of Anna this year is $115,135. Based on the adopted total tax
rate adopted of 10.650332 per 1100 of taxable value. taxes imposed this year on
the average home will be 1748.76 which is approximately a 0.0% increase from
2009.
SECTION 2. That taxes levied under ordinance shall be due October 1, 2010 and if not
paid on or before January 31, 2011 shall immediately become delinquent.
SECTION 3. All taxes shall become a lien upon the property against which assessed,
and the city assessor and collector of the City of Anna is hereby authorized and
empowered to enforce the collection of such taxes according to the Constitution and
laws of the State of Texas and ordinances of the City of Anna shall, by virtue of the tax
rolls, fix and establish a lien by levying upon such property, whether real or personal, for
Ord. 509-2010 Setting Tax Rate for 2010-2011.doc 09-07-10
the payment of said taxes, penalty and interest, and, the interest and penalty collected
from such delinquent taxes shall be apportioned to the general funds of the City of Anna.
All delinquent taxes shall bear interest from date of delinquency at the rate as prescribed
by state law.
SECTION 4. 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 4.43 PERCENT AND
WILL RAISE TAXES FOR MAINTENANCE AND OPERATIONS ON A
$100,000 HOME BY APPROXIMATELY $27.60.
SECTION 5. That this ordinance shall take effect and be in force from and after its
passage.
PASSED this 7th day of September, 2010 at a special meeting of the City Council of the
City of Anna, there being a quorum present, by ..§... yeas, 2-nays and 2-abstained and
approved by the Mayor on the date above set out.
ArrEST:
Ord. 509-2010 Setting Tax Rate for 201()...2011.doc 2 09-O7-1O