2016-260•I r • '• •
ITIAll TEA)kl CE Ail r OPEtVkTlOA EXPE1 SES A11D FORP is r
PRINCIPAL ON OUTSTANDING CITY OF DENTON rEBT; PROVIDING FORr
EXEMPTIONS OF . rS; PROVIDING FOR ENFORCEMENT OF
COLLECTIONS; FOR .; AND PROVIDING
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 13, 2016, 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 $4,232,034 which is a 7.2 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 $1,426,053; and
WHEREAS, this Ordinance sets a tax rate of $0.683340 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 2016; and
WHEREAS, the City Council deems it in the public interest to adopt a tax rate for the 2016 tax
year of $0.683340; NOW, THEREFORE,
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 2016, on all taxable property situated
within the corporate limits of the City of Denton, Texas, on January 1, 2016, a tax rate of $0.683340
for each $100 of taxable value. This tax rate is expected to increase total revenue from properties on
the tax roll by 7.2% over 2015 tax revenues.
SECTION 3. Of the total tax rate, $0.466740 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(x)(2) of the Texas Property Tax Code and
any other applicable laws.
SECTION 4. Of the total tax rate, $0.216600 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 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 RATEWILL EFFECTIVELY BE RAISED BY 3.01 PERCENT
AND WILL RAISE TAXES FOR MAINTENANCE AND OPERATIONS ON A
$1009000 HOME BY APPROXIMATELY $19.97.
SECTION 8. This budget will raise more revenue from property taxes than last year's budget
by an amount of $4,232,034 which is a 7.2 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 $1,426,053.
EC'1 [ON 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 2016.
SECTION 11. Pursuant to Article 8, Section 1-b of the Texas Constitution, $50,000 of the
assessed value of residential homesteads of disabled persons shall be exempt from City ad valorem
taxes for 2016.
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 at a regular meeting of the City Council of the City of Denton, Texas, on this the 20'' day of
September 2016, at which meeting a quorum was present and the meeting was held in accordance
PAGE 2
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 day oft, 2016.
CHRIS WATTS,\MA�'ft
ATTEST:
JENNIFER WALTERS, CITY SECRETARY
BY: At& Nd2
APPR9ED JTO LEGAL FORM:
ANITA BURGESS, CITY ATTORNEY
BY:
Council Member Voted For Voted Against
Chris Watts, Mayor — V
Kevin Roden, Mayor Pro Tern V
Dalton Gregory
Keely Briggs — - -- — ----
Kathleen Wazny V/
Joey Hawkins
Sara Bagheri