| 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
4.235057 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 August 22, 2006 at 10:30 AM at
Pct 3 Justice of the Peace Courtroom, 301 S. East Inner Loop Road, Georgetown, Texas. A second hearing will be held on August 25, 2006 at
10:00 AM at Pct 3 Justice of the Peace Courtroom, 301 S. East Inner Loop Road, Georgetown, Texas.
The members of the governing body voted on the proposal to consider the tax
increase as follows: |
|
|
FOR: |
|
John Doerfler,
Greg Boatright,
Lisa Birkman, and
David Hays |
|
AGAINST: |
|
None |
|
PRESENT and not voting: |
|
None |
|
ABSENT: |
|
Frankie Limmer |
|
| |
| 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 |
|
5.880000 |
% (increase) or
|
|
% (decrease) |
|
Debt service |
|
20.250000 |
% (increase) or |
|
% (decrease) |
|
Total expenditures |
|
5.880000 |
% (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 |
|
$22,831,999,162 |
|
$23,697,589,240 |
|
Total appraised value* of new property** |
|
$1,699,210,673 |
|
$2,168,535,816 |
|
Total taxable value*** of all property |
|
$20,999,563,381 |
|
$21,679,045,250 |
|
Total taxable value*** of new property** |
|
$886,034,334 |
|
$1,227,701,543 |
|
| |
|
Bonded Indebtedness
|
| Total amount of outstanding and unpaid bonded indebtedness: |
|
$495,230,000 |
|
| |
|
Tax Rates
|
|
Adopted tax rate for the preceding tax year |
|
$0.499657 |
|
per $100 in value |
|
Proposed tax rate for the current tax year |
|
$0.499657 |
|
per $100 in value |
|
Difference in the propsed tax rate and the |
|
adopted tax rate for the preceding tax year |
|
$0.000000 |
|
per $100 in value |
| |
|
Percentage increase or decrease in the |
|
0.000000 |
|
% Increase |
|
propsed tax rate and the adopted tax |
|
|
|
OR |
|
rate for the preceding tax year |
|
|
|
% 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 |
|
$155,351 |
|
$164,085 |
| |
| Homestead exemption amount for the taxing unit (excluding special exemptions
for persons 65 years of age or older or disabled) |
|
$0 |
|
$0 |
| |
| Average taxable value of a residence homestead (excluding special exemptions
for persons 65 years of age or older or disabled) |
|
$150,688 |
|
$159,197 |
|
| |
| 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 $753. 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 $795. 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 $42 of taxes. |
| |
| |