Resolution 2012-27 h�� RESOLUTION NO. 2012-27(R)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
WYLIE, TEXAS, ACCEPTING THE PROPOSED PROPERTY TAX
RATE FOR FISCAL YEAR 2012-2013; 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
$0.8889 per$100 valuation as the proposed property tax rate for fiscal year 2012-2013.
SECTION 2. The City Council of the City of Wylie, Texas, met in a public meeting on
`""�" August 14, 2012, and accepted this resolution with a majority vote as follows:
Mayor Eric Hogue YEA � NAY ABSTAIN ABSENT
Mayor Pro Tem Kathy Spillyards YEA � NAY ABSTAIN ABSENT
Councilmember Nathan Scott 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 l4r" day of August 2012.
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Eric Hogue, ay r�
ATTEST: �
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Carole Ehrlich, C' y Secretary � ' "'�
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Resolution No.2012-27 R - ,.�� � � ���
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Proposed Property Tax Rate FY2012-13 -- ���`�'��'�� "'_�`�'->•� �_
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PROPERTY TAX DISTRIBUTION CALCULATIONS
FY2012-13 FY2011-12 ""`°`
Tax Year 2012 Tax Year 2011
TAX ROLL:
Assessed Valuation (100%) $2,270,465,600 $2,235,696,487
Rate per$100 0.888900 0.898900
Tax Levy Freeze Adjusted 20,182,169 20,096,676
Tax Levy- Frozen (Disabled/over 65)* 918,992 802,935
Total Tax Levy 21,101,161 20,899,611
Percent of Collection 100% 100%
Estimated Current Tax Collections $ 21,101,161 $ 20,899,611
SUMMARY OF TAX COLLECTIONS:
Current Tax $ 20,182,169 $ 20,096,676
Revenue From Tax Freeze Property 918,992 802,935
Delinquent Tax 135,000 90,000
Penalty and Interest
TOTAL TAX COLLECTIONS $ 21,236,161 $ 20,989,611
FY2012-13
PERCENT """°
FY2012-13 OF FY2012-13 FY2011-12
TAX RATE TOTAL AMOUNT AMOUNT
GENERAL FUND:
Current Tax $ 0.590620 $ l 3,409,788 $ 13,417,600
Revenue From Tax Freeze Property 610,614 536,120
Delinquent Tax 90,000 60,093
Penalty and Interest
Total General Fund $ 0.590620 66.44% $ 14,110,402 $ 14,013,813
DEBT SERVICE FUND:
Current Tax $ 0.298280 $ 6,772,381 $ 6,679,076
Revenues From Tax Freeze Property 308,378 266,815
Delinquent Tax 45,000 29,907
Penalty and Interest
Total Debt Service $ 0.298280 33.56% $ 7,125,759 $ 6,975,798
DISTRIBUTION $ 0.888900 100.00% $ 21,236,161 $ 20,989,611