Title
Conduct a public hearing on the proposed property tax rate of $0.5362.
Summary
Summary of Tax Rates:
Current Tax Rate: $0.4813
No-New-Revenue Tax Rate: $0.4310
Voter-Approval Tax Rate: $0.5362
Proposed Tax Rate: $0.5362
Based on the certified property values received from the Travis and Williamson Central Appraisal Districts, the Travis County Tax Office has calculated the voter-approval rate at $0.5362 valuation and the no-new-revenue rate at $0.4310/$100 valuation. As required by the Texas Tax Code, this information has been published on August 1, 2023, on the City website www.pflugervilletx.gov/budget and both the Travis (https://travis.trueprodigy-taxtransparency.com) and Williamson (https://williamsonpropertytaxes.org) Central Appraisal District Truth in Taxation websites. In addition, the Notice of Public Hearing on Tax Increase was published in the Pflugerville Pflag on August 30, 2023, as required by Tax Code §26.061.
On August 08, 2023, the City Council adopted a resolution specifying a maximum property tax rate for FY23 of $0.5362/$100 valuation, which equates to a slight decrease in operating revenues in the general fund from the 2023 projections. In accordance with Texas Tax Code 26.05(b), at least 60% (5 out of 7) of the members of Council must vote in favor of the proposed tax rate in order for it to be adopted since the proposed tax rate exceeds the no-new-revenue tax rate.
Prior City Council Action
August 08, 2023, City Council adopted a resolution specifying a maximum property tax rate for FY24 of $0.5362/$100 valuation.
Public hearing held August 22, 2023.
Deadline for City Council Action
Public hearing is required prior to adoption of the tax rate.
Supporting documents attached:
Notice of Public Hearing on Tax Increase 2023
Final Tax Rate Calculation 2023 Tax Office
Recommended Action
Conduct a public hearing on the proposed property tax rate of $0.5362.