Ordinance 2023-40 ORDINANCE NO.2023-40
AN ORDINANCE FIXING THE TAX RATE AND LEVY FOR THE CITY OF
WYLIE, TEXAS, UPON ALL TAXABLE PROPERTY IN THE CITY OF WYLIE,
TEXAS,FOR THE PURPOSE OF PAYING THE CURRENT EXPENSES OF THE
CITY FOR THE FISCAL YEAR ENDING SEPTEMBER 30,2024,AND FOR THE
FURTHER PURPOSE OF CREATING A SINKING FUND TO RETIRE THE
PRINCIPAL AND INTEREST OF THE BONDED INDEBTEDNESS OF THE
CITY; PROVIDING FOR A LIEN ON ALL REAL AND PERSONAL PROPERTY
TO SECURE PAYMENT OF TAXES DUE THEREON; CONTAINING A
SEVERABILITY CLAUSE; REPEALING ALL ORDINANCES AND PARTS
THEREOF IN CONFLICT HEREWITH; AND PROVIDING FOR AN
EFFECTIVE DATE.
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
2.74 PERCENT AND WILL RAISE TAXES FOR
MAINTENANCE AND OPERATIONS ON A $1009000
HOME BY APPROXIMATELY $-29.51.
WHEREAS,the City Council has this date,by way of Ordinance duly passed, adopted a Budget
of operation for the City for fiscal year 2023-2024; and
WHEREAS,the aforesaid Ordinance anticipates and requires the levy of an ad valorem tax on all
taxable property in the City of Wylie; and
WHEREAS, it is necessary to levy such an ad valorem tax at a given rate to generate revenues
sufficient to meet projected expenses; and
WHEREAS,the City has fully and timely complied with all notice and other requirements relative
to the adoption of a tax rate for fiscal year 2023-2024; and
WHEREAS, notice of the proposed tax rate, the no-new revenue tax rate and the voter-approval
tax rate has been published as required by law and the City has received no formal protest thereof.
NOW THEREFORE, BE IT ORDAINED by the City Council of the City of Wylie, Texas, as
follows:
Section 1. There is hereby levied for the fiscal year 2023-2024 upon all real property situated within
the corporate limits of said City of Wylie,Texas, and upon all personal property which was owned within
the corporate limits of said City of Wylie, Texas, on the first day of January, A.D. 2023, except so much
thereof as may be exempt by the Constitution or laws of the State of Texas,a total tax of$0.538882 on each
$100 of assessed valuation on all said property which said total tax herein so levied shall consist and be
comprised of the following components:
Ordinance No.202340 Approval of FY 2023-2024 Tax Rate Page I of 2
a) An ad valorem tax rate of$0.398412 on each $100 of assessed valuation of said taxable property is
hereby levied for general city purposes and to pay the current operating expenses of said City of Wylie,
Texas,for the fiscal year ending September 30,2024,which tax,when collected shall be appropriated
to and for the credit of the General Fund of said City of Wylie,Texas.
b) An ad valorem tax rate of$0.140470 on each $100 of assessed valuation of said taxable property is
hereby levied for the purpose of creating an Interest and Sinking Fund with which to pay the interest
and principal of the valid bonded indebtedness,and related fees of the City of Wylie,now outstanding
and such tax when collected shall be appropriated and deposited in and to the credit of the General Debt
Service Fund of the City of Wylie,Texas,for the fiscal year ending September 30,2024.
Section 2. The City of Wylie shall have a lien on all taxable property located in the City of Wylie to
secure the payment of taxes,penalty and interest,and all costs of collection,assessed and levied hereby.
Section 3. Taxes are payable in McKinney,Texas,at the Office of the Tax-Assessor Collector of Collin
County. The City shall have available all the rights and remedies provided by law for the enforcement of
the collection of taxes levied under this ordinance.
Section 4. That the tax roll presented to the City Council, together with any supplements thereto, be
and same are hereby accepted and approved.
Section 5. Should any paragraph,sentence,sub-division,clause,phrase or section of this ordinance be
adjudged or held to be unconstitutional, illegal, or invalid, the same shall not affect the validity of this
ordinance as a whole or any part or provision thereof,other than the part or parts as declared to be invalid,
illegal, or unconstitutional.
Section 6. This ordinance shall be in full force and effect from and after its adoption by the City
Council and publication of its caption as the law and the City Charter provide in such cases.
Section 7. That all other ordinances and code provisions in conflict herewith are hereby repealed to
the extent of any such conflict or inconsistency and all other provisions of the Wylie City Code not in
conflict herewith shall remain in full force and effect.
Section 8. The repeal of any ordinance,or parts thereof,by the enactment of this Ordinance,shall not
be construed as abandoning any action now pending under or by virtue of such ordinance;nor shall it have
the effect of discontinuing,abating,modifying or altering any penalty accruing or to accrue,nor as affecting
any rights of the municipality under any section or provision of any ordinances at the time of passage of
this ordinance.
DULY PASSED AND APPROVED by the City Council of the City of Wylie,Texas, on this the
22nd day of August,2023.
Ma Oew Porter,Mayor
ATTEST:
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Stephanie Storm, City Secretary
Ordinance No.2023-40 Approval of FY 2023-2024 Tax Rate Pagel of 2