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HomeMy WebLinkAboutORD 2025-53 - Levy the Property Tax RateORDINANCE NO. ZPZ5 - 53 AN ORDINANCE LEVYING A TAX RATE FOR THE CITY OF GEORGETOWN, TEXAS, FOR THE TAX YEAR 2025; REPEALING CONFLICTING ORDINANCES AND RESOLUTIONS; INCLUDING A SEVERABILITY CLAUSE; AND ESTABLISHING AN EFFECTIVE DATE. WHEREAS, the City of Georgetown, Texas is an incorporated Home Rule municipality dependent upon taxes to provide its citizens with services; and and WHEREAS, the City of Georgetown, Texas published the required notices; and WHEREAS, the City of Georgetown, Texas held a public hearing on August 26, 2025; WHEREAS, all notification and public hearing requirements have been satisfied; and WHEREAS, the City Council finds it necessary to levy taxes for the 2026 fiscal year for the City of Georgetown, Texas; and WHEREAS, this tax rate will raise more taxes for maintenance and operations than last year's tax rate; and WHEREAS, the tax rate will effectively be raised by positive 4.42 percent and will raise taxes for maintenance and operations on a $1009000 home by approximately positive $4.81; NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF GEORGETOWN, TEXAS, THAT: SECTION 1. The meeting at which this ordinance was approved was conducted in compliance with the Texas Open Meetings Act, Texas Government Code, Chapter 551. SECTION 2. The facts and recitations contained in the preamble of this ordinance are hereby found and declared to be true and correct and are incorporated by reference herein and expressly made a part hereof, as if copied verbatim. SECTION 3. The City Council of the City of Georgetown (the "City Council") hereby finds that all of the prerequisites to the levying of a tax rate for this City for the tax year 2025, (including, without limitation, certifications, notices, submittals, and public hearings) as required by law have been complied with. Ordinance No. ZOZ-1' 5.3 Pagel of 2 Description: Levy Tax Rate for Tax Year 2025 Date Approved: Aug — 2025 SECTION 4. The City Council does hereby levy and adopt the tax rate on $100 valuation for the tax year 2025 as follows: $0.113871 for the purpose of maintenance and operation $0.239129 for the principal and interest on debt of this city $0.353000 total tax rate SECTION 5. All ordinances or resolutions that conflict with the provisions of this ordinance are hereby repealed, and all other ordinances or resolutions of the City not in conflict with the provisions of this ordinance shall remain in full force and effect. SECTION 6. If any provision of this ordinance, or application thereof, to any person or circumstance, shall be held invalid, such invalidity shall not affect the other provisions, or application thereof, of this ordinance, which can be given effect without the invalid provision or application, and to this end the provisions of this ordinance are hereby declared to be severable. SECTION 7. The Mayor is hereby authorized to sign this ordinance and the City Secretary to attest. This Ordinance shall become effective and be in full force and effect in accordance with the provisions of the City Charter of the City of Georgetown. PASSED AND APPROVED on First Reading on the 26th day of August, 2025. PASSED AND APPROVED on Second Reading on the 91h day of September, 2025. ATTEST: Robyn Den: ore City Secretary APPROVED AS TO FORM: Skye asson City Attorney Ordinance No. -Zo&5 53 Description: Levy Tax Rate for Tax Year 2025 Date Approved: ,4,6, 2025I t)qk " 1 THE CITY GEORGETOWN: By: J s} Schroeder Page 2 of 2