Notice of Public Hearing
on Tax Increase
The City of Wylie will hold a public hearing on
a proposal to increase total tax revenues from properties on
the tax roll in the preceding year by 12.13 percent. 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 28, 2001 at 6:00 PM at the Wylie Municipal
Complex, City Council Chambers, 2000 Hwy. 78 North, Wylie, Texas.
| FOR the
proposal: |
Mayor John Mondy |
Joel Scott |
| |
Reta Allen |
Eric Hogue |
| |
J.C. Worley |
Chris Trout |
| AGAINST the
proposal: |
|
|
| PRESENT and not voting: |
|
|
| ABSENT: |
Merrill Young |
|
The following table compares taxes on an average
home in this taxing unit last year to taxes proposed on the
average home this year. Again, your individual taxes may be
higher or lower, depending on the taxable value of your property.
| |
Last Year |
This Year |
| Average residence homestead
value |
$90,857 |
$104,546 |
| General exemptions available |
$0 |
$0 |
| (amount available on
the average homestead, not including senior citizen'sor
disabled person's exemptions) |
| Average taxable value |
$90,857 |
$104,546 |
| Tax rate (per $100) |
0.725000 |
0.720000 |
| Tax |
$658.71 |
$752.73 |
Under this proposal, taxes
on the average homestead would increase by $94.02 or 14.27 percent
compared with last year's taxes. Comparing tax rates without
adjusting for changes in property value, the tax rate would
decrease by $0.005 per $100 of taxable value or 0.69 percent
compared to last year's tax rate. These tax rate figures
are not adjusted for changes in the taxable value of property.
