Resolution 2011-22 ,� RESOLUTION NO. 2011-22(R)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
WYLIE, TEXAS, ACCEPTING THE PROPOSED PROPERTY TAX
RATE FOR FISCAL YEAR 2011-2012; ACCEPTING THE
CALCULATION OF THE EFFECTIVE TAX RATE; AND
PROVIDING FOR THE PUBLICATION AS PROVIDED BY THE
TEXAS PROPERTY TAX CODE.
WHEREAS, the City of Wylie has received the calculated effective tax rate as presented
by the Collin County Tax Assessor/Collector's Office; and
WHEREAS, the Texas Property Tax Code Chapter 26, as heretofore amended, provides
the specific procedures in which to consider the proposed tax rate;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF WYLIE, TEXAS:
SECTION 1. The City Council of the City of Wylie, Texas, does hereby accept the rate of
$0.8989 per $100 valuation as the proposed property tax rate for fiscal year 2011-2012.
SECTION 2. The City Council of the City of Wylie, Texas, met in a public meeting on
�``°' August 9, 2011, and accepted this resolution with a majority vote as follows:
Mayor Eric Hogue YEA �/ NAY ABSTAIN ABSENT
Mayor Pro Tem Red Byboth YEA NAY ABSTAIN ABSENT ✓
Councilmember Kathy Spillyards YEA �/' NAY ABSTAIN ABSENT
Councilmember Richard White YEA � NAY ABSTAIN ABSENT
Councilmember Bennie Jones YEA � NAY ABSTAIN ABSENT
Councilmember David Goss YEA �/ NAY ABSTAIN ABSENT
Councilmember Diane Culver YEA � NAY ABSTAIN ABSENT
SECTION 3. The content and vote taken on this resolution shall be published in the
official newspaper of the City as provided by the Texas Property Tax Code.
DULY PASSED AND APPROVED by the City Council of the City of Wylie, Texas, on
this the 9 day of August 2011.
�
Eric Ho e, Mayo
AT'TEST: ��� QF I�y�,.�
` ,���,._c�.-•- rt�'
� c ,J �
Ca ole Ehrlich, i y Secretary
• _ _ -_� � �
Resolution No. 2011-22(R)
Proposed Property Tax Rate FY2011-12 �►���
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PROPERTY TAX DISTRIBUTION CALCULATIONS
� FY2011-12 FY2010-11
Tax Year 2011 Tax Year 2010
TAX ROLL:
Assessed Valuation (100%) $2,235,696;487 $2,195,909,672
Rate per $100 0.89890 0.89890
Tax Levy Freeze Adjusted 20,096,676 19,739,032
Tax Levy - Frozen (Disabled/ over 65)* 802,935 723,946
Total Tax Levy 20,899,611 20,462,978
Percent of Collection 100% 100%
Estimated Current Tax Collections $ 20,899,611 $ 20,462,978
SUMMARY OF TAX COLLECTIONS:
Current Tax $ 20,096,676 $ 19,739,032
Revenue From Tax Freeze Property 802,935 723,946
Delinquent Tax 90,000 110,000
Penalty and Interest
TOTAL TAX COLLECTIONS $ 20,989,611 $ 20,572,978
FY2011-12
�� PERCENT
FY2011-12 OF FY2011-12 FY2010-11
TAX RATE TOTAL AMOUNT AMOUNT
GENERAL FUND:
Current Tax $ 0.600153 $ 13,417,600 $ 13,194,123
Revenue From Tax Freeze Property 536,120 483,906
Delinquent Tax 60,093 73,527
Penalty and Interest
Total General Fund $ 0.600153 66.77% $ 14,013,813 $ 13,751,556
DEBT SERVICE FUND:
Current Tax $ 0.298747 $ 6,679,076 $ 6,544,909
Revenues From Tax Freeze Property 266,815 240,040
Delinquent Tax 29,907 36,473
Penalty and Interest
Total Debt Service $ 0.298747 33.23% $ 6,975,798 $ 6,821,422
DISTRIBUTION $ 0.898900 100.00% $ 20,989,611 $ 20,572,978