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Ordinance 1988-23 j\. C. ~-:..,.; ..., A~~ r~;~ ~ ~.' A~ / r'.~'~ r~~'~ / ( ,<: .~ ~s~~~~ "J~/ ~ \,J .<..... ()JY ",~)~~P;, .' ORDmMCE NO. , lJ;~ r ,'\ ~973 834 70021 38- .i3 AN ORDINANCE FIXING THE TAX RATE AND LEVY IN AND FOR THE CITY OF WYLIE, TEXAS FOR THE YEAR 1988, UPON ALL TAXABLE PROPERTY IN SAID CITY OF WYLIE, TEXAS, FOR THE PURPOSE OF PAYING THE CURRENT EXPENSES OF SAID CITY OF T HE FISCAL YEAR ENDING SEPTEMBER 38, 1989, AND THE FURTHER PURPOSE OF CREATING A SINKING FUND TO RETIRE AND THE PRINCIPAL AND INTEREST OF THE BONDED INDEBTEDNESS OF SAID CITY: PROVIDING FOR A LIEN ON ALL REAL AND PERSONAL PROPERTY TO SECURE PAYMENT OF TAXES DUE THEREON: PROVIDING THAT IN THE EVENT ANY PROVISIONS OF THIS ORDINANCE BE HELD UNCONSTITUTIONAL AND THAT SUCH HOLDING SHALL NOT AFFECT THE REMAINING PROVISIONS HEREOF: REPEALING ALL ORDINANCES AND PARTS THEREOF IN CONFLICT HEREWITH AND PROVIDING FOR PUBLICATION: NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF WYLIE, TEXAS: SECTION 1 There is hereby levied for the fiscal year 1988 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., 1988, except so much thereof as may be exempt by the Constitution of laws of the State of Texas, a total tax of Fifty-one and one-quarter cents (0.5125), on each One Hundred ($100.00) Dollars of assessed' valuation on all of said property which said total tax here now levied as aforesaid is respectively as follows: SECTION 2 An ad valorem tax of and at the rate of Thirty-six and eleven hundredths cents (0.3611) on each One Hundred Dollars ($100.00) of assessed valuation of said taxable property is hereby levied for the year 1988, for the general city purposes and to pay the current operating expenses of said City of Wylie, Texas, for the fiscal year ending September 30, 1989, which tax, when collected shall be appropriated to and for the credit of the General Fund of said City of Wylie, Texas. SECTION 3 An ad valorem tax of and at the rate of Fifteen and fourteen hundredths cents (0.1514) on each One Hundred ($100.00) of assessed valuation of said taxable property is hereby levied for the year of 1988, for the purpose of creating an Interest and Sinking Fund with which to pay the interest and retire the principal of the valid bonded indebtedness, capital lease payments, and related fees of the City of Wylie, Texas, now outstanding, and such tax when collected shall be appropriated and deposited in and to the credit of the Interest and Sinking Fund of the said City of Wylie, Texas for the fiscal year ending September 30, 1989. SECTION 4 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 interest, and all costs of collection, assessed, and levied hereby. 797~ '- ...} 835 SECTION 5 Taxes are payable in Wylie, Texas at the Office of the Tax-Assessor Collector, Finance Department, Municipal Complex. 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 6 That the tax roll presented to the City Council, together with any supplements thereto, be and same are hereby accepted. (See attachment A - effective Rate for 1988 - Item 15) SECTION 7 In the event any provision of this Ordinance shall be held unconstitutional and invalid by a court of competent jurisdiction, the same shall not affect the remaining provisions thereof. SECTION 8 All Ordinances and part thereof in conflict with any of the provisions of this Ordinance are hereby expressively repealed. SECTION 9 The caption of this ordinance to be published one time in a newspaper having general circulation in the City of Wylie, Texas, and to become effective immediately upon its passage and publication. PASSED AND APPROVED, AND ORDERED PUBLISHED BY THE COUNCIL OF THE CITY OF WYLIE, TEXA~'27TH SEPTEMBER, 1988. ~~/ ;/ .'-;\"': ' /~./ .,~\\:':",;""\ ':'- .1 :I..i///, '~/ ~\'" ~,. \''', '/1'- ~"^'....... - t (.,~~ / ~r). . 'r,'''l-/ : / ~ ~ 'V '. . ~ <-- <::::::::------ if \ '%-___-/- " ~ \ ~ Chuck Trimble, = = ATTEST: \ " ~ / ~ ""%. /~ if -~ IA~ ?-/ ~ ~I'-"YYL Ie" c;:. '.;"$.;~ /"l "Vf"'l L', ~ ,:-\' /.} . 711'~'1l:1i1!\'\""" . ;/ ,"" A '/ : i - /(//Z~.<L./ __J 4( C,rJ /V'" Carol~Jones, City Secretary CITY DAY OF Mayor ...-' 1. 9 7 2 Attachment A 836 ~FFECTIVE TAX RATE WORKSHEET FOR 1988: CITY OF WYLIE ============================================================================= 1 1987 total taxable value. Enter amount of 1987 taxable value on the 1987 tax roll today. Include adjustments since last year's certification. L SCHOOL DISTRICTS. 1987 taxable value of over-65 homesteads with tax ceiling. Enter 1987 value of homes. 3 1987 adjusted taxable value. 4 1987 total tax rate: 1).50 5 1987 total tax levy. 6 1987 taxes lost because appraised value of property was reduced by final determination of a court in an appeal of an ARB decision. Only 1987 cases which have become final. $0.00 7 Total taxes levied in 1987 to recoup appraisal roll error losses in 1986. If the unit levied 1987 taxes to recoup 1986 appraisal roll error losses, multiply line 3 by the rate shown on line 29 of the 1987 effective tax rate worksheet and enter the resulting amount. Do not divide by 100. 8 1987 total taxes levied on property in territory deannexed by the unit after 01/01/87 $0 '3 1987 total taxes levied on property value that first qualified for exemption in 1988 $511,293 10 1987 total taxes on property value that $12,843,893 cannot be taxed in 1988 because it qualIfies for ag~use,open-space, timber, recreational/ SC~l1ic~-:p':'-;.~JJE}ic access airport special valuation for first time in 1988 11 Total adjustments to 1987 tax levy. - 12 Adjusted-=1-9S-7-- total tax levy. 13 Total 1988 taxable value on the 1988 certified appraisal roll today. Do not use estimated. 14 Total 1988 taxable value of properties under prote~~~!or 1988 15 Total 1988 taxable value for calculation purpose. 16 Total 1988 taxable value of property in territory annexed since 01/01/87 17 Total 1988 ~xable value of new improvements $2Tl, 256, 443 $0 $2.77,2::i6,44J ().OO:JouO $1,386,282 $O.OU $0 $0 $2,556 $64,219 $66,776 $1,319,506 $293,142,666 $0 $293,142,666 $3,942,056 $24,116,601 2973 837 EFFECTIVE TAX RATE WORKSHEET FOR 1988: CITY O~ WYLIE ============================================================================= 18 SCHOOL DISTRICTS. 1'388 taxable val.L1e ot over-65 homesteads with tax ceilinq. Enter 1988 value of these homes. $U 19 Total adjusments to 1988 taxable value. $28,0~8,657 20 Adjusted 1988 taxable value. $265, 084, 00'3 21 1988 effective tax rate per $100 0.49777 22 1988 county effective tax rate per $100 STOP. Continue with lines 23 throuqh 28 if this calculation is for a city or county with the additional sales tax that reduces property taxes. If not enter zeroes in line 23 through 28. 23 Estimated value of taxable sales and uses provided by comptroller. $0.00 24 Sales tax rate. Use .01 for counties without incorporated cities, .005 for cities and counties with incorporated cities. 0.00 25 Estimated sales tax revenue. $(l.00 26 951. of estimated revenue. $0.00 27 Total t ay;ab I e value f I:)\," 1 '388 . 28 Sales ta:/; galn rate. 2'3 1'387 fi nal e f fec t i ve tax rate. 1'387 final ef fect i ve tax rate for the county. --",-- $293,142,666 0.00000 0.4'37769 0.000000 =====~~~~~~=~============================================================ J...... --,'~ - -.~;:,,_~..;'-.::..~- --=--~.-. '2973 030 o . 0 ============================================================================= 1988.ROLLBACK TAX RATE WORKSHEET ==~========================================================================== 30 1987 total tax levy $1,385,282 31 1987 taxes lost beause appraised value reduced by final determination of an ARB d~cision. $0 32 Adjusted 1987 total tax levy $1,386,282 33 1987 maintenance tax rate per $100 0.422300 34 1987 debt tax rate per $100 0.077700 35 1987 debt tax levy. $215,428 36 1987 taxes to recoup 1986 appraisal roll error losses. $0 37 1987 maintenance taxes levied on property in territory deannexed by the unit after 01/01/87 $0 38 1987 maintenance taxes on property value that first qualified for an exemption in 1988. $2, 1S'::j 39 1987 maintenance taxes on property value that cannot be taxed in 1988 beause it qualified for ag-use, open-space, timber, recreational/scenic or public access airport special valuation for the first time in 1988 $54,240 40 Total adjustments to the 1987 tax levy. $271,827 41 Adjusted 1987 maintenance and operations levy $1,114,455 42 Adjusted 1988 taxable value $265, 084, 00'3 43 1988 effective maintenance and operations tax rate 0.42042 44 1988 rollback maintenance and operations rate. 0.45405 45 Totfi:ll'--'-'afri6uni;:"'t.:o be pai d wi th 1988 pr.:operty taxes or for certain counties and cities, additional sales tax revenue) for service on qualified debts and for contract payments securing debts issued_~r~as~umed by other units on this unit's behalf. $408,500 46 Certified1.98T-ex.:ess debt .:ollections $0 47 Adju$ted amoun~ of debt payments $408,500 0--- ~~~-- - _ . .- -.- .-...-:--.:;.,~ 48 Certified _19~~;~nticipated collection rate Yo 92 49 1988 debt~i~f:e payments adjusted for collection rate 50 Total taxabrevalue $444,022 $293,142,666 51 1988 debt tax rate 0.1514"7 52 1988 rollback tax rate 0.60552 '2 9 7 3 839 ============================================================================= 1988. ROLLBACK TAX RATE WORKSHEET ============================================================================= 54 Sales ta~; gaIn rate u.uUuuu cc 1988 adjLlsted rollback rate O.bO~::':'::: -J~ 1'388 adjLlsted C .:JLln t y r':Jllba.:k rate 0.00000 ============================================================================= ~-~~"~=;:"-..--~~~~ f;) ,~ :(/ .-......1 : :;~) _"'_d ~~~ _ _-;'::"-'~- - -_.---~~ ~- -~- --- -- --. ~ --- . - -----------. --=-. ...=-...-=-____._...._--"-_.-i"--__"!!P""F- .--:-~-==.,;----~. -~._"._-~,:....:.._--:-~~