HomeMy WebLinkAbout26-0565ORDINANCE NO. 26-0565
AN ORDINANCE OF THE CITY OF DENTON, TEXAS, LEVYING THE AD VALOREM
PROPERTY TAX OF THE CITY OF DENTON, TEXAS, FOR THE YEAR 2026, ON ALL
TAXABLE PROPERTY WITHIN THE CORPORATE LIMITS OF THE CITY ON JANUARY
1, 2026, AND ADOPTING A TAX RATE OF $0.548485 PER $100 OF VALUATION FOR
2026; PROVIDING REVENUES FOR PAYMENT OF CURRENT MUNICIPAL
MAINTENANCE AND OPERATION EXPENSES AND FOR PAYMENT OF INTEREST AND
PRINCIPAL ON OUTSTANDING CITY OF DENTON DEBT; PROVIDING FOR LIMITED
EXEMPTIONS OF CERTAIN HOMESTEADS; PROVIDING FOR ENFORCEMENT OF
COLLECTIONS; PROVIDING FOR A SEVERABILITY CLAUSE; AND PROVIDING AN
EFFECTIVE DATE.
WHEREAS, after notice of the proposed tax rate, public meetings, and public hearings on the
budget and the tax rate were published in the Denton Record Chronicle and posted on the City's
internet web site and its public access television channel as required by law, and on September 15th
and 22nd, 2026, the City Council of the City of Denton, Texas (City) held a public hearing on the
proposed budget and on September 15t', 2026, the City Council held a public hearing on the proposed
tax rate; and
WHEREAS, this Ordinance sets a tax rate of $0.548485 that, if applied to the total taxable
value, will impose an amount of taxes to fund maintenance and operation expenditures of the City
that exceeds the amount of taxes imposed for that purpose in 2025; and
WHEREAS, the City Council deems it in the public interest to adopt a tax rate for the 2026 tax
year of $0.548485; NOW, THEREFORE,
THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS:
SECTION 1. The findings set forth in the preamble of this Ordinance are incorporated by
reference into the body of this Ordinance as if fully set forth herein.
SECTION 2. By authority of the Charter of the City of Denton, Texas, and the Laws of the
State of Texas, there is hereby levied and adopted for the tax year 2026, on all taxable property situated
within the corporate limits of the City of Denton, Texas, on January 1, 2026, a tax rate of $0.548485
for each $100 of taxable value.
SECTION 3. Of the total tax rate, $0.316344 for each $100 of taxable value is hereby
included, adopted and shall be distributed to the General Fund of the City to fund maintenance and
operation expenditures of the City in accordance with Section 26.05(a)(2) of the Texas Property Tax
Code and any other applicable laws.
SECTION 4. Of the total tax rate, $0.232141 for each $100 of taxable value is hereby
included, adopted and shall be distributed to pay the City's debt service as provided by Sections
26.04(e)(3)(C) and 26.05(a)(1) of the Texas Property Tax Code and any other applicable laws.
SECTION 5. THIS TAX RATE WILL RAISE MORE TAXES FOR
MAINTENANCE AND OPERATIONS THAN LAST YEAR'S TAX RATE.
The motion to approve this ordinance was made by lGeorge Ferriel and seconded by [ Nick Stevens
The ordinance was passed and approved by the following vote [ — 0 — 21:
Aye Nay Abstain Absent
Mayor Chris Watts:
Jordan Villarreal, District 1:
Nick Stevens, District 2:
Suzi Rumohr, District 3:
Joe Holland, District 4:
George Ferrie, At Large Place 5:
Jill Jester, At Large Place 6:
PASSED AND APPROVED this the 22nd day of S 'ptemb C'TrfRlS WATTS, MAYOR
ATTEST:
KRISTI GILBERT, CITY SECRETARY
BY -
S
=w ��
APPROVED AS TO LEGAL FORM:
MACK REINWAND, CITY ATTORNEY
Digitally signed by Susan
Susan Keller Kelley
Date: 2026.09.15 16:05:52
BY: -05,00,
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