Resolution 2013-18 RESOLUTION NO.2013-18(R)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
WYLIE, TEXAS, ACCEPTING THE PROPOSED PROPERTY TAX
RATE FOR FISCAL YEAR 2013-2014; ACCEPTING THE
CALCULATION OF THE EFFECTIVE TAX RATE;
ESTABLISHING DATES FOR PUBLIC HEARINGS ON THE
PROPOSED PROPERTY TAX RATE; AND PROVIDING FOR THE
PUBLICATION AS PROVIDED BY THE TEXAS PROPERTY TAX
CODE.
WAEREAS, 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 proposed tax rate exceeds the effective tax rate and the Statute requires
two public hearings in order to allow the City Council to consider acceptance and adoption of an
ordinance levying a proposed rate of$0.8839 per$100 valuation; 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
$0.8839 per$100 valuation as the proposed property tax rate for fiscal year 2013-2014.
SECTION 2. The City Council of the City of Wylie, Texas, met in a public meeting on
August 13, 2013, and accepted this resolution with a majority vote as follows:
Mayor Eric Hogue YEA ✓ NAY ABSTAIN ABSENT
Mayor Pro Tem Nathan Scott YEA �- NAY ABSTAIN ABSENT
Councilmember Richard White YEA ✓ NAY ABSTAIN ABSENT
Councilmember Bennie Jones YEA � NAY ABSTAIN ABSENT
Councilmember Diane Culver YEA NAY ABSTAIN ABSENT
Councilmember Keith Stephens YEA � NAY ABSTAIN ABSENT
Councilmember Todd Wintters YEA � NAY ABSTAIN ABSENT
SECTION 3. Public hearings shall be held on August 27, 2013, and September 3, 2013,
at 6:00 p.m. in the City Council Chambers at the Wylie Municipal Complex, 300 Country Club
I Road, Wylie, Texas, to receive public comment regarding the proposed tax rate.
SECTION 4. 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.
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Resolution No.2013-18(R)-Proposed Property Tax Rate FY2013 14 Page 1 of 2
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DULY PASSED AND APPROVED by the City Council of the City of Wylie, Texas, on
this the 13t"day of August 2013. ,
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Eric Hogue, Mayor
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Resolution No.2013-18(R)-Proposed Property Tax Rate FY2013-14 Page 2 of 2
PROPERTY TAX DISTRIBUTION CALCULATIONS
FY2013-14 FY2012-13
Tax Year 2013 Tax Year 2012
TAX ROLL:
Assessed Valuation (100%) $ 2,416,825,532 $ 2,270,465,600
Rate per$100 0.883900 0.888900
Tax Levy Freeze Adjusted 21,362,321 20,182,169
Tax Levy- Frozen (Disabled/over 65)* 1,004,327 918,992 I
Total Tax Levy 22,366,648 21,101,161 ��
Percent of Collection 100% 100%
Estimated Current Tax Collections $ 22,366,648 $ 21,101,161
SUMMARY OF TAX COLLECTIONS:
Current Tax $ 21,362,321 $ 20,182,169
Revenue From Tax Freeze Property 1,004,327 918,992
Delinquent Tax 135,000 135,000
Penalty and Interest
TOTAL TAX COLLECTIONS $ 22,501,648 $ 21,236,161
FY2013-14
FY2013-14 PERCENT FY2013-14 FY2012-13
TAX RATE OF TOTAL AMOUNT AMOUNT
GENERAL FUND:
Current Tax $ 0.593314 $ 14,339,364 $ 13,409,788
Revenue From Tax Freeze Property 674,104 610,614
Delinquent Tax 90,000 90,000
Penalty and Interest
Total General Fund $ 0.593314 67.12% $ 15,103,468 $ 14,110,402
DEBT SERVICE FUND:
Current Tax $ 0.290586 $ 7,022,957 $ 6,772,381
Revenues From Tax Freeze Property 330,223 308,378
Delinquent Tax 45,000 45,000
Penalty and Interest
Total Debt Service $ 0.290586 32.88% $ 7,398,180 $ 7,125,759
DISTRIBUTION $ 0.883900 100.00% $ 22,501,648 $ 21,236,161