The City of West Columbia will hold a public hearing
on a proposal to increase total tax revenues from
properties on the tax roll in the preceding tax year by
7.13 percent (percentage by which proposed tax rate
exceeds lower of rollback tax rate or effective tax
calculated under Chapter 26, Tax Code). Your individual
taxes may increase at a greater or lesser rate, or even
decrease, depending on the change in the taxable value
of your property in relation to the change in taxable
value of all other property and the tax rate that is
adopted.
The public hearing will be held on August 27, 2007 at
7:00 PM and September 4, 2007 at 7:00 PM at City Council
Chambers, 512 E. Brazos, West Columbia, Texas.
The members of the governing body voted on the
proposal to consider the tax increase as follows:
For: Betty Lytle
Randy Gilbert
Charlie Tindol
Robert Thomas
AGAINST:
PRESENT and not voting: David Foster, Mayor
ABSENT:
Jamie Walker
Comparison of Proposed Budget with
Last Year’s Budget
The applicable percentage increase or decrease (or
difference) in the amount budgeted in the preceding
fiscal year and the amount budgeted for the fiscal year
that begins during the current tax year is indicated for
each of the following expenditure categories:
Maintenance and operations
6.25% increase
Debt service
0.00%
Total expenditures
5.60% increase
Total Appraised Value and Total
Taxable Value
As calculated under section 26.04, Tax
Code
Preceding Tax Year
Current Tax Year
Total appraised value* of all property
$142,512,460
$152,678,801
Total appraised value* of new property**
$ 590,070
$ 2,380,780
Total taxable value*** of all property
$ 105,837,007
$114,319,359
Total taxable value*** of new property
$ 611,740
$ 2,355,160
Bonded Indebtedness
Total amount of outstanding and unpaid
bonded indebtedness $389,910
Tax Rates
Adopted tax rate for the preceding tax year
$0.838837 per $100 in value
Proposed tax rate for the current tax year
$0.831900 per $100 in value
Difference in the proposed tax rate and the adopted
tax rate $(0.006937) per $100 in value for the preceding tax year
Percentage increase or decrease in the proposed tax
rate
0.83% Decrease and the adopted tax rate for the
preceding tax year
These tax rate figures are not
adjusted for changes in the taxable value of property.
Comparison of Residence Homestead
Values
Average appraised and taxable values on residence
homesteads are compared from the preceding tax year and
the current tax year.
Preceding Tax Year Current Tax Year
Average residence homestead appraised value
$62,880 $68,403
Homestead exemption amount for the taxing unit
$0 $0
(excluding special exemptions for persons 65 years of
age or older or disabled)
Average taxable value of a residence homestead
$62,880
$68,403 (excluding special
exemptions for persons 65 years of age or older or
disabled)
Comparison of Residence Homestead
Taxes
The taxes that would have been imposed in the
preceding tax year on a residence homestead at the
average appraised value (excluding special exemptions
for persons 65 years of age or older or disabled) are
estimated to be $527.46. The taxes that would be imposed
in the current tax year on a residence homestead
appraised at the average appraised value in the current
tax year (excluding special exemptions for persons 65
years of age or older or disabled), if the proposed tax
rate is adopted, are estimated to be $569.04. The
difference between the amount of taxes on the average
residence homestead in the current tax year, if the
proposed tax rate is adopted, and the preceding tax year
would be an increase of $41.58 in taxes.
* "Appraised value" is the amount shown on the
appraisal roll and defined by Section 1.04(8), Tax Code.
** "New property" is defined by Section 26.012(17),
Tax Code.
*** "Taxable value" is defined by Section 1.04(10),
Tax Code.
