Prior to adoption of Ordinance 2018-18, public hearings were conducted on August 20th and August 29th to allow citizen comments on the proposed 2018 Property Tax Rate. Council took a record vote for the proposed tax rate for Fiscal Year 2018-2019.
Ordinance 2018-18 was presented to adopt the tax rate for Fiscal Year 2018-2019 as proposed.
M&O $ 0. 533417 per $100.00 of valuation
Debt Service $ 0.126583 per $100.00 of valuation
Total $ 0.660000 per $100.00 of valuation
PROPOSED TAX RATE $0.660000 per $100
PRECEDING YEAR'S TAX RATE $0.680399 per $100
EFFECTIVE TAX RATE $0.621776 per $100
ROLLBACK RATE $0.662271 per $100
This budget will raise more total property taxes than last year’s budget by 6.35 % and of that amount, $68,001, is tax revenue to be raised from new property added to the roll this year.
Place 2 Dean Oberg moved to approve the 2018 Property Tax Rate to be a total of $0.6660000 per $100 valuation with a Maintenance and Operation rate of $0.533417 and a Debt Rate of $0.126583, seconded by Place 1 Rachel Huber.
Mayor Dormier called for a RECORD VOTE:
Place 1 Rachel Huber - Yes
Place 2 Dean Oberg - Yes
Mayor Pro Tem, Place 3 David Griffin - Yes
Place 4 Doug Hunt - Yes
Place 5 Michael Myers - Yes.
MOTION APPROVED UNANIMOUSLY.
A second motion to approve Ordinance 2018-18 levying, assessing and fixing the tax rate for the use and support of the municipal government of the City of Ovilla, Texas and providing for the Debt Service Fund for Fiscal year 2018-2019 and apportioning each levy for the specific purpose and providing for collection of all annual taxes was made by Place 4 Doug Hunt, seconded by Mayor Pro Tem David Griffin.