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HomeMy WebLinkAboutRes 2016-08-215 Tax Rate Hearing dates and times CITY OF ANNA, TEXAS RESOLUTION NO ;' - = A RESOLUTION OF THE CITY OF ANNA, TEXAS NAILING THE MAXIMUM TAX RATE THE COUNCIL MAY ADOPT FOR THE 2016 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; and WHEREAS, The City of Anna, Texas (the "City") is a political subdivision of the State and is therefore subject to laws of the State; and WHEREAS, Section 7.19 of the Anna 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; and WHEREAS, The City Council (the "Council") desires to establish a maximum tax rate it may adopt for the 2016 tax year; and WHEREAS, The Council desires to hold public hearings 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 maximum tax rate by the City of Anna The Council hereby proposes that the maximum tax rate adopted by the City for the 2016 tax year shall not exceed $0.629 per $100 of valuation. Section 3. Dates and Times for Public Hearings The Council hereby sets August 23, 2016 at 7:30 p.m. and September 6, 2016 at 6:30 p.m. as the date and time for the public hearings on the 2016 tax rate, said hearings 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. PASSED AND APPROVED by the City Council of the City of Anna, Texas on this 9th day of August, 2016. PAGE 1 OF 2 ATTEST: APPROVED- City Secretary Carrie L Smith Mayor Mike Crist PAGE 2 OF 2 �,�jj NOTICE OF 2016 TAX YEAR PROPOSED PROPERTY TAX RATE FOR CITY OF ANNA A tax rate of$0.629000 per $100 valuation has been proposed for adoption by the governing body of City of Anna. This rate exceeds the lower of the effective or rollback tax rate, and state law requires that two public hearings be held by the governing body before adopting the proposed tax rate. The governing body of City of Anna proposes to use revenue attributable to the tax rate increase for the purpose of adding additional public safety and maintenance personnel, equipment purchases, and other expenses for operations and maintenance as set forth in the proposed 2016-2017 fiscal year budget available at www.annatexas.gov. PROPOSED TAX RATE $0.629000 per $100 PRECEDING YEAR'S TAX RATE $0.639000 per $100 EFFECTIVE TAX RATE $0.563030 per $100 ROLLBACK TAX RATE $0.629000 per $100 The effective tax rate is the total tax rate needed to raise the same amount of property tax revenue for City of Anna from the same properties in both the 2015 tax year and the 2016 tax year. The rollback tax rate is the highest tax rate that City of Anna may adopt before voters are entitled to petition for an election to limit the rate that may be approved to the rollback rate. YOUR TAXES OWED UNDER ANY OF THE ABOVE RATES CAN BE CALCULATED AS FOLLOWS: property tax amount= (rate)x (taxable value of your property)/100 For assistance or detailed information about tax calculations, please contact: Kenneth L. Maun Tax Assessor-Collector 2300 Bloomdale Road McKinney, TX 75071 972-547-5020 kmaun@collincountytx.gov www.annatexas.gov You are urged to attend and express your views at the following public hearings on the proposed tax rate: First Hearing: August 23, 2016 at 7:30 pm at the Anna City Hall, 111 North Powell Parkway, Anna, TX 75409. Second Hearing: September 6, 2016 at 6:30 pm at the Anna City Hall, 111 North Powell Parkway, Anna, TX 75409.