HomeMy WebLinkAboutRes 2024-08-1656 Setting a Public Hearing on the Proposed 2024 Tax RateCITY OF ANNA, TEXAS
RESOLUTION NO. 24
A RESOLUTION OF THE CITY OF ANNA, TEXAS NAMING THE PROPOSED TAX RATE THE
COUNCIL MAY ADOPT FOR THE 2024 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 truth -in -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 $0.507200 per
$100 of valuation.
Section 3. Proposal of a proposed tax rate by the City of Anna
The Council hereby sets September 3, 2024 at 6:00 p.m. as the date and time for the public
hearing on the 2024 tax rate, said hearing to be held in the City of Anna Municipal Complex
located at 120 West Seventh Street in Anna, Texas, 75409. 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 13th day of
August 2024.
ATTESTED:
�2�) `-' / ' 6Aroc
City Secretary Carrie L. Land
APPROVED:
FAay r Pete Cain
Form 50-87S
Statements required in notice if the proposed tax rate exceeds the no -new -revenue tax rate and the voter -approval tax rate but does not exceed the de minimis rate,
as prescribed by Tax Code §§26.06(b-1) and 26.063(c).
NOTICE OF PUBLIC HEARING
ON TAX INCREASE
This notice only applies to a taxing unit other than a special taxing unit or municipality with a population of less than 30, 000,
regardless of whether it is a special taxing unit.
A tax rate of $ 0.507200
the City of Anna
PROPOSED TAX RATE
NO -NEW -REVENUE TAX RATE
VOTER -APPROVAL TAX RATE
DE MINIMIS RATE
per $100 valuation has been proposed by the governing body of
$ 0.507200 per $100
$ 0.482976 per $100
$ 0.505711 per $100
$ 0.507200 per $100
The no -new -revenue tax rate is the tax rate for the 2024 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 taxing unit)
the 2023 tax year and the 2024 tax year.
(preceding tax year) (current tax ),ear)
The voter -approval tax rate is the highest tax rate that the City of Anna may adopt without holding
(name of taxing unit)
an election to seek voter approval of the rate, unless the de minimis rate for the City of Anna exceeds the
(name of taxing unit)
voter -approval tax rate for the City of Anna
(name of taxing unit)
The de minimis rate is the rate equal to the sum of the no -new -revenue maintenance and operations rate for the City of Anna
(name of taxing unit)
the rate that will raise $500,000, and the current debt rate for the City of Anna
(name of taxing unit)
The proposed tax rate is greater than the no -new -revenue tax rate. This means that the City of Anna is proposing
(name of taxing emit)
to increase property taxes for the 2024 tax year.
(current tax ),ear)
A PUBLIC HEARING ON THE PROPOSED TAX RATE WILL BE HELD ON September 3, 2024 at 6:00pm
(date and time)
at the City of Anna Municipal Complex located at 120 West Seventh Street in Anna, Texas 75409
(meeting place)
The proposed tax rate is greater than the voter -approval tax rate but not greater than the de minimis rate. However, the proposed tax
rate exceeds the rate that allows voters to petition for an election under Section 26.075, Tax Code. If the City of Anna
(name of taxing unit)
adopts the proposed tax rate, the qualified voters of the the City of Anna may petition the the City of Anna
(name of taxing unit) (name of taxing emit)
to require an election to be held to determine whether to reduce the proposed tax rate. If a majority of the voters reject the proposed
tax rate, the tax rate of the the City of Anna will be the voter -approval tax rate of the. the City of Anna
(name of taxing unit) (name of taxing unit)
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 how each voted on the proposal to consider the tax increase or, if one or more were absent, Indicating absences.)
FOR the proposal:
AGAINST the proposal:
PRESENT and not voting:
ABSENT:
Form developed by: Texas Comptroller of Public Accounts, Property Tax Assistance Division For additional copies, visit: comptroller.texas.gov/taxes/property-tax
50-875 • Rev. 6-2314