2015-266AN ORDINANCE OF THE CITY OF DENTON, TEXAS, LEVYING THE AD VALOREM
PROPERTY TAX OF THE CITY OF DENTON, TEXAS, FOR THE YEAR 2015, ON ALL
TAXABLE PROPERTY WITHIN THE CORPORATE LIMITS OF THE CITY ON JANUARY 1,
2015, AND ADOPTING A TAX RATE OF $0.689750 PER $100 OF VALUATION FOR 2015;
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 and public hearing on the budget 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, on September 1, 2015, the City Council of the City of
Denton, Texas, (City) held one public hearing on the proposed budget. This budget will raise more
from property taxes than last year's budget by an amount of $4,593,522 which is an 8.54 percent
increase from last year's budget. The property tax revenue to be raised from new property added to
the tax roll this year is $1,426,002; and
WHEREAS, this Ordinance sets a tax rate of $0.689750 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 2014; and
WHEREAS, the City Council deems it in the public interest to adopt a tax rate for the 2015
tax year of $0.689750; 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 2015, on all taxable property
situated within the corporate limits of the City of Denton, Texas, on January 1, 2015, a tax rate of
$0.689750 for each $100 of taxable value. This tax rate is expected to increase total revenue from
properties on the tax roll by 8.54% over 2014 tax revenues.
SECTION 3. Of the total tax rate, $0.474560 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, $0.215190 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.
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SECTION 5. THIS TAX RATE WILL RAISE MORE TAXES FOR
MAINTENANCE AND OPERATIONS THAN LAST YEAR'S TAX RATE.
SECTION 6. THE TAX RATE WILL EFFECTIVELY BE RAISED BY 5.10
PERCENT AND WILL RAISE TAXES FOR MAINTENANCE AND
OPERATIONS ON A $100,000 HOME BY APPROXIMATELY $33.48.
SECTION 7. The City Manager, or his designee, is directed to include the following
statement on the home page of the City's Internet website: THE CITY OF DENTON,
TEXAS, ADOPTED A TAX RATE THAT WILL RAISE MORE TAXES FOR
MAINTENANCE AND OPERATIONS THAN LAST YEAR'S TAX RATE
AND THE TAX RATE WILL EFFECTIVELY BE RAISED BY 5.10
PERCENT AND WILL RAISE TAXES FOR MAINTENANCE AND
OPERATIONS ON A $100,000 HOME BY APPROXIMATELY $33.48.
SECTION 8. This budget will raise more revenue from property taxes than last year's budget
by an amount of $4,593,522 which is an 8.54 percent increase from last year's budget. The
property tax revenue to be raised from new property added to the tax roll this year is $1,426,002.
SECTION 9. Pursuant to Article 8, Section 1 -b of the Texas Constitution, and pursuant to the
provisions of Section 11.13(n) of the Texas Property Tax Code, one -half percent of the assessed
value of residential homesteads, or $5,000 of the assessed value of residential homesteads,
whichever amount shall be greater, shall be exempt from City ad valorem taxes.
SECTION 10. Pursuant to Article 8, Section 1 -b of the Texas Constitution, $50,000 of the
assessed value of residential homesteads of persons 65 years of age or older shall be exempt from
City ad valorem taxes for 2015.
SECTION 11. Pursuant to Article 8, Section 1 -b of the Texas Constitution, $10,000 of the
assessed value of residential homesteads of disabled persons shall be exempt from City ad valorem
taxes.
SECTION 12. For enforcement of the collection of taxes hereby levied the City of Denton
shall have available all rights and remedies provided by law.
SECTION 13. If any section, subsection, paragraph, sentence, clause, phrase or word in this
Ordinance, or the application thereof to any person or circumstance is held invalid by any court of
competent jurisdiction, such holding shall not affect the validity of the remaining portions of this
Ordinance and the City Council of the City of Denton, Texas, hereby declares it would have enacted
such remaining portions despite any such invalidity.
SECTION_ 14. This Ordinance shall become effective immediately upon its passage and
approval .atma _regular meeting of the City Council of the City of Denton, Texas, on this the 15th day
of September 2015, at which meeting a quorum was present and the meeting was held in accordance
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with the provisions of the Tex. Gov't Code, Section 551.001 et seq. The City Secretary is hereby
directed to record this Ordinance and the vote to adopt the tax rate.
PASSED AND APPROVED this the
ATTEST:
JENNIFER WALTERS, CITY SECRETARY
�m q
BY:
APPR( II)) ASt,,O LEGAL FORM:
ANITA BURGESS, CITY ATTORNEY
BY: u
Council Member
Chris Watts, Mayor
Dalton Gregory, Mayor Pro Tem
Keely Briggs
Kathleen Wazny
Joey Hawkins
Kevin Roden
Greg Johnson
Cw. day of 2015.
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CHRIS 'WATTS, MAYOR
PAGE 3
Voted For Voted Against
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