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Hays Free Press
Kyle, Texas
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August 16, 2017     Hays Free Press
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August 16, 2017
 

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Page 4A Hays Free Press August 16, 2017 CITY OF BUDA NOTICE OF PUBLIC HEARINGS FY 2017-2018 OPERATING BUDGET Public Hearings will be held at 6:00 p.m. on Tuesday, August 29, 2017 and at 6:00 p.m. on Tuesday, September 5, 2017 by the City Council, City of Buda, Texas in the Council Chambers, 121 S. Main Street, Buda, Texas, in compliance with .the City Charter, to hear oral and written comments and discuss proposed uses of operating and capital funds and to consider adopting a budget allocating operating and capital funds anticipated to be available to the City of Buda during the fiscal year beginning October 1,2017 and ending on September 30, 2018. THIS BUDGET WILL RAISE MORE TOTAL PROPERTY TAXES THAN LAST YEAR'S BUDGET BY $277,401 OR 5.1%, AND OF THAT AMOUNT $236,687 IS TAX REVENUE TO BE RAISED FROM NEW PROPERTY ADDED TO THE TAX ROLL THIS YEAR. A copy of the proposed budget and capital improvement program is on file in the City Secretary's Office for public inspection between the hours of 8:00 a.m. and 5:00 p.m. Monday through Thursday and 8:00 a.m. to 4:00 p.m. on Friday at Buda City Hall, 121 S. Main Street, Buda, Texas or on the City's website at www.ci.buda.tx.us. Published this 16th day of August, 2017 by the City of Buda Members of the public are encouraged to attend these hearings and express their views to the City Council. NOTICE OF 2017 TAX YEAR PROPOSED PROPERTY TAX RATE FOR CITY OF BUDA A tax rate of $0.3673 per $100 valuation has been proposed for adoption by the governing body of City of Buda. This rate exceeds the lower of the effective or rollback tax rate, and state law requires that two public hearings be held by the governing body before adopting the proposed tax rate. The governing body of City of Buda proposes to use revenue attributable to the tax rate increase for the purpose of providing general operations to the opening of the new municipal facilities. PROPOSED TAX RATE PRECEDING YEAR'S TAX RATE EFFECTIVE TAX RATE ROLLBACK TAX RATE $0.3673 per $100 $0.3704 per $100 $0.3561 per $100 $0.3757 per $100 The effective tax rate is the total tax rate needed to raise the same amount of property tax revenue for City of Buda from the same properties in both the 2016 tax year and the 2017 tax year. The rollback tax rate is the highest tax rate that City of Buda may adopt before voters are entitled to petition for an election to limit the rate that may be ap-. proved to the rollback rate. YOUR TAXES OWED UNDER ANY OF THE ABOVE RATES CAN BE CALCULATED AS FOLLOWS: property tax amount = (rate) X (taxable value of your property)/100 For assistance or detailed information about tax calculations, please contact: Luanne Caraway Hays County Tax Assessor-Collector 712 S. Stagecoach Trail, Suite 1120 San Marcos, TX 78666 512-393-5545 luanne@co.hays.tx.us www.hayscountytax.com You are urged to attend and express your views at the following public hearings on the proposed t~tx rate: First Hearing: August 29, 2017 at 6:00 PM at Buda City Hall, 121 Main Street, Buda, TX 78610. Second Hearing: September 5, 2017 at 6:00 PM at Buda City Hall, 121 Main Street, Buda, TX 78610. Notice of Public Hearing on Tax Increase The Northeast Hays County ESD #2 will hold two public hearings on a proposal to increase total tax revenues from properties on the tax roll in the preceding tax year by 4.38 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 first public hearing will be held on August 24, 2017 at 7:00 PM at Buda Fire Department Main Station, 209 FM 2770, Buda, TX 78610. The second public hearing will be held'on August 31,2017 at 7:00 PM at Buda Fire Department Main Station, 209 FM 2770, Buda, TX 78610. The members of the governing body voted on the proposal to consider the tax increase as follows: FOR: Jim Hollis JB Kolodzey Haley Ortiz Stacy Morgan AGAINST: N/A PRESENT and not voting: N/A ABSENT: Tom Dahlstrom The average taxable value of a residence homestead in Northeast Hays County ESD #2 last year was $219,722. Based on last year's tax rate of $0.0500 per $100 of taxable value, the amount of taxes imposed last year on the average home was $109.86. The average taxable value of a residence homestead in Northeast Hays County ESD #2 this year is $232,438. If the governing body adopts the effective tax rate for this year of $0.0479 per $100 of taxable value, the amount of taxes imposed this year on the average home would be $111.34. If the governing body adopts the proposed tax rate of $0.0500 per $100 of taxable value, the amount of taxes imposed this year on the average home would be $116.22. Members of the public are encouraged to attend the hearings and ex- press their views. 2017 Property Tax Rates in Northeast Hays County ESD #2 This notice concerns the 2017 property tax rates for Northeast Hays County ESD #2. It presents information about three tax rates. Last year's tax rate is the actual tax 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 start 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 adjust- ments as required by state law. The rates are given per $100 of property value. Last year's tax rate: Last year's operating taxes $1 "536,598 Last year's debt taxes $0 Last year's total taxes $1536.598 Last year's tax base $3,073,196,000 Last year's total tax rate $0.0500/$rl 00 This year's effective tax rate: Last year's adjusted taxes (after subtracting taxes on lost property) $1.535,676 + This year's adjusted tax base (after subtracting value of new property) $3,204,685,417 =This year's effective tax rate $0.0479/$100 (Maximum rate unless unit publishes notices and holds hearings.) This year's rollback tax rate: Lastyear's adjusted operating taxes $1.535,676 (after subtracting taxes on lost property and adjusting for any transferred function, tax increment financing, state criminal justice mandate, and/or enhanced indigent healthcare expenditures) + This year's adjusted tax base $3,204,685,417 =This year's effective operating rate $0.0479/$100 x 1.08=this year's maximum operating rate $0.0517/$100 + This year's debt rate $0/$100 = This year's total rollback rate$0.0517/$100 Statement of Increase/Decrease If Northeast Hays County ESD #2 adopts a 2017 tax rate equal to the effective tax rate of $0.0479 per $100 of value, taxes would increase compared to 2016 taxes by $86,885 Schedule A - Unencumbered Fund Balance The following estimated balances will be left in the unit's property tax accounts at the end of the fiscal year: These balances are not encumbered by a corresponding debt obligation. Type of Property Tax Fund Balance General Fund 1,243,727 This notice contains a summary of actual effective and rollback tax rates' calculations. You can inspect a copy of the full calculations at 712 S. Stagecoach Trail, San Marcos, TX 78666. Name of person preparing this notice: Luanne Caraway Title: Hays County Tax Assessor-Collector Date Prepared: 08/10/2017 u~ I I I iti i