Title
Discuss and consider action to approve an ordinance on first and final reading with the caption reading: Tax Levy Ordinance of the City of Pflugerville, Texas for Fiscal Year 2022.
Summary
Summary of Tax Rates:
No-New-Revenue Tax Rate: $0.4504
Un-Adjusted Voter-Approval Tax Rate: $0.4970
Unused Increment: $0.0135
Voter-Approval Tax Rate: $0.5105
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 $0.5105/$100 valuation and the no-new-revenue rate at $0.4504/$100 valuation. As required by the Texas Tax Code, this information has been published on August 7, 2021, 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 Austin American Statesman on August 19, 2021, as required by Tax Code ยง26.061.
On August 10, 2020, the City Council adopted a resolution specifying a maximum property tax rate for FY21 of $0.4970/$100 valuation, which equates to an operating revenue increase of 3.5%. 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.
The ordinance includes language required by Texas Tax Code Chapter 26, and have been reviewed and approved as to form by the City Attorney's Office.
Prior City Council Action
The City Council approved a proposed maximum property tax rate of $0.4970/$100 property valuation on August 10, 2020.
The CIty Council held a public hearing on the tax rate on August 24, 2021, prior to consideration of this item.
Deadline for City Council Action
August 31, 2021
Fiscal Impact
Fundi...
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