| Notice |
| of
Vote on Tax Rate |
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| The Williamson County |
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| conducted public hearings on a proposal |
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| to increase the total tax revenues of the |
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| Williamson County |
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| from properties on the tax roll in the
preceding |
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| year by 4.905754 percent |
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| on September 11, 2007 at 10:00 AM and September 18, 2007 at
10:00 AM. |
| |
| |
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| The Commissioner's Court of Williamson County, Texas |
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| is scheduled to vote on the tax rate that |
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| will result in that tax increase at a public |
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| meeting to be held |
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| on September 25, 2007 at 10:00 AM |
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| at JP #3 Courtroom,301 S. Inner Loop, Georgetown, TX. |
| |
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| Notice of Public Hearing on Tax Increase |
The Williamson County will hold a public hearing on a proposal to increase total
tax revenues from properties on the tax roll in the preceding tax year by
4.905754 percent (percentage by which proposed tax rate exceeds lower
of rollback tax rate or effective tax calculated under Chapter 26, Tax Code).
Your individual taxes may increase at a greater or lesser rate, or even
decrease, depending on the change in the taxable value of your property in
relation to the change in taxable value of all other property and the tax rate
that is adopted.
The public hearing will be held on September 11, 2007 at 10:00 AM at
the JP#3 Courtroom, County Annex, 301 S. Inner Loop, Georgetown, Texas. A second hearing will be held on September 18, 2007 at
10:00 AM at the JP#3 Courtroom, County Annex, 301 S. Inner Loop, Georgetown, Texas.
The members of the governing body voted on the proposal to consider the tax
increase as follows: |
|
|
FOR: |
|
Dan Gattis,
Lisa Birkman,
Cynthia Long,
Valerie Covey, and
Ron Morrison |
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AGAINST: |
|
None |
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PRESENT and not voting: |
|
None |
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ABSENT: |
|
None |
|
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| Comparison of Proposed Budget with Last Year's
Budget |
| The applicable percentage increase or decrease (or difference) in the amount
budgeted in the preceding fiscal year and the amount budgeted for the fiscal
year that begins during the current tax year is indicated for each of the
following expenditure categories: |
|
Maintenance and operations |
|
4.000000 |
% (increase) or
|
|
% (decrease) |
|
Debt service |
|
|
% (increase) or |
-5.080000 |
% (decrease) |
|
Total expenditures |
|
11.640000 |
% (increase) or |
|
% (decrease) |
|
| |
Total Appraised Value and Total Taxable Value
as calculated under section 26.04, Tax Code
|
| |
Preceding Tax Year |
|
Current Tax Year |
|
Total appraised value* of all property |
|
$23,307,816,025 |
|
$27,755,676,311 |
|
Total appraised value* of new property** |
|
$2,168,535,816 |
|
$2,666,295,994 |
|
Total taxable value*** of all property |
|
$21,679,045,250 |
|
$26,034,924,703 |
|
Total taxable value*** of new property** |
|
$1,227,701,543 |
|
$1,873,417,115 |
|
| |
|
Bonded Indebtedness
|
| Total amount of outstanding and unpaid bonded indebtedness: |
|
$646,359,942 |
|
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|
Tax Rates
|
|
Adopted tax rate for the preceding tax year |
|
$0.499657 |
|
per $100 in value |
|
Proposed tax rate for the current tax year |
|
$0.489100 |
|
per $100 in value |
|
Difference in the proposed tax rate and the |
|
adopted tax rate for the preceding tax year |
|
$0.010557 |
|
per $100 in value |
| |
|
Percentage increase or decrease in the |
|
|
|
% Increase |
|
proposed tax rate and the adopted tax |
|
|
|
OR |
|
rate for the preceding tax year |
|
2.112849 |
|
% Decrease |
| |
|
These tax rate figures are not adjusted for changes in the taxable
value of property. |
|
|
Comparison of Residence Homestead Values
|
| Average appraised and taxable values on residence homesteads are compared from
the preceding tax year and the current tax year. |
| |
|
Preceding Tax Year |
|
Current Tax Year |
| Average residence homestead appraised value |
|
$163,976 |
|
$180,705 |
| |
| Homestead exemption amount for the taxing unit (excluding special exemptions
for persons 65 years of age or older or disabled) |
|
$0 |
|
$0 |
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| Average taxable value of a residence homestead (excluding special exemptions
for persons 65 years of age or older or disabled) |
|
$163,976 |
|
$180,705 |
|
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| Comparison of Residence Homestead Taxes |
| The taxes that would have been imposed in the preceding tax year on a residence
homestead at the average appraised value (excluding special exemptions for
person 65 years of age or older or disabled) are estimated to be $819. The
taxes that would be imposed in the current tax year on the residence homestead
appraised at the average appraised value in the current tax year (excluding
special exemptions for person 65 years of age or older or disabled), if the
proposed tax rate is adopted, are estimated to be $884. The difference
between the amount of the taxes on the average residence homestead in the
current tax year, if the proposed tax rate is adopted, and the preceding tax
year would be an increase of $65 of taxes. |
| |
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| 2007
Property Tax Rates in Williamson County |
| |
|
This notice concerns 2007 property tax rates for Williamson County . It presents
information about three tax rates. Last year's tax rate is the actual rate the
taxing unit used to determine property taxes last year. This year's effective
tax rate would impose the same total taxes as last year if you compare
properties taxed in both years. This year's rollback tax rate is the
highest tax rate the taxing unit can set before taxpayers can start tax
rollback procedures. In each case these rates are found by dividing the total
amount of taxes by the tax base (the total value of taxable property) with
adjustments as required by state law. The rates are given per $100 of property
value. |
| |
| |
General Fund |
R/FM Fund |
|
|
|
| Last
year's tax rate: |
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Last year's operating taxes |
$79,351,539 |
$9,107,041 |
|
|
|
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Last year's debt taxes |
$54,342,417 |
$952,709 |
|
|
|
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Last year's total taxes |
$133,693,956 |
$10,059,750 |
|
|
|
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Last year's tax base |
$25,206,235,464 |
$25,351,567,441 |
|
|
|
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Last year's total tax rate |
0.467492/$100 |
0.032165/$100 |
|
|
|
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| This
year's effective tax rate: |
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Last year's adjusted taxes
(after subtracting taxes on lost property)
|
$110,765,479 |
$7,599,723 |
|
|
|
| ÷ |
This year's adjusted tax base
(after subtracting value of new property)
|
$25,270,794,955 |
$27,225,785,273 |
|
|
|
| |
| = |
This year's effective tax rate for each fund |
0.438314/$100 |
0.027914/$100 |
|
|
|
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Total effective tax rate |
0.466228/$100 |
|
|
|
|
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| This
year's rollback tax rate: |
| |
Last year's adjusted operating taxes
(after subtracting taxes on lost property and adjusting for any transferred
function, tax increment financing, state criminal justice mandate and/or
enhanced indigent health care expenditures) |
$67,136,758 |
$7,599,724 |
|
|
|
| ÷ |
This year's adjusted tax base |
$25,270,794,955 |
$27,225,785,273 |
|
|
|
| = |
This year's effective operating rate |
0.265669/$100 |
0.027914/$100 |
|
|
|
| × |
1.08 = this year's maximum operating rate |
0.286923/$100 |
0.030147/$100 |
|
|
|
| + |
This year's debt rate |
0.184137/$100 |
0.000000/$100 |
|
|
|
| |
| = |
This year's rollback rate for each fund |
0.471060/$100 |
0.030147/$100 |
|
|
|
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This year's total rollback rate |
0.501207/$100 |
|
|
|
|
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