ORDER NO. 30518 KERB COUNTY 2007 TAX RA"l'1: Caine to be heard this the loth day of September, 2007, with a notion made by Commissioner Letz, seconded by Commissioner Baldwin. "1'he C~~urt ~,nanimously approved by vote of 4-0-0 to: Set the first public hearing nn the 2007 Tax Rate for September ~0, ?007 at 10:00 a.m., and the second public hearing on the 2007 Tax Rate for Se~~tembcr '?4, 2007 at 10:00 a.m., in the Commissioners' Courtroom. -~ ~ ~ ~ ~~~i ~ COMMISSIONERS' COURT AGENDA REQUEST PLEASE FURNISH ONE ORIGINAL AND TEN (10) COPIES OF THIS REQUEST AND DOCUMENTS TO BE REVIEWED BY THE COURT MADE BY: Judge Tinley MEETING DATE: September 10, 2007 TIME PREFERRED: SUBJECT: Consider, discuss and approve by record vote the proposed Kerr County 2007 Tax Rate and set date, time and place of first and second Public Hearings on such tax rate. EXECUTIVE SESSION REQUESTED: (PLEASE STATE REASON) NAME OF PERSON ADDRESSING THE COURT: Judge Tinley ESTIMATED LENGTH OF PRESENTATION: IF PERSONNEL MATTER -NAME OF EMPLOYEE: Time for submitting this request for Court to assure that the matter is posted in accordance with Title 5, Chapter 551 and 552, Government Code, is as follows: Meeting scheduled for Mondays: THIS REQUEST RECEIVED BY: THIS RQUEST RECEIVED ON: OFFICE: County Judge 5:00 PM previous Tuesday @ .M. All Agenda Requests will be screened by the County Judge's Office to determine if adequate information has been prepared for the Court's formal consideration and action at time of Court Meetings. Your cooperation will be appreciated and contribute towards your request being addressed at the earliest opportunity. See Agenda Request Rules Adopted by Commissioners' Court. ;erved August 30 ~ - Oflker assisted Kerr ifPs ORice with a reported ibJect refused medid service isported to hospital by a fiend her. AuguA 31 -Officer served Kerr County ~ubject)n the 3200 block of ~tviay.Subject transported to 'rte ~ x3t7~tp{y g ttlf ?nhs ~ cy Fittat2ctaI Advisotcan - laetp:you pG~atpljoce'streas-flee retirement, call today. :~ .. L1wm Collum, CIMA49 /Brian Schroeder Financial Advisor 1304:Junctroh Hwy. Ste. 300 Kemille, TX 78028.': 830-792-2100 dawn.col rum@morganstanleytbtn Notice of Public Hearing on Tax Increase The Kerr County will hold a public hearing on a proposal,to increase total-fax revenues from properties on the t~ roll ih the preceding'tax year by 8.839161 percent (percentage by which proposed tax rate exceeds lower of ro back tax rate or effective tax calculated under Chapter 26, Tax Code). Your individual taxes may ihcrease at greater or lesser rate, or even decrease, depending on the change in the ~taxabfe value of your property In reli tion o the change in taxable value of all other property and the tax rate that is adopted. The public hearing. will be held on September 20, 2007 at 10:00 AM at Commissiohers Courtroom, 700 Main Kerrville. A'second hearing wilt be-held on September 24, 2007 at 10:00 AM at Commissioners Courtroom, 7( Main St. Kerrville. The members of the governing body voted on the proposal to consider the tax increase as follows: FOR: County Judge Pat Tinley, Commissioner H.A. "Buster" Baldwin, Commissioner William "Bill" Williams, Commissioner Jonathan Letz; Commissioner Bruce Oehler AGAINST: None PRESENT and not voting: None , ABSENT: None , . ., .. „ _ ~ ,[ ilr ~ i Comparison of Proposed Budget with Last Year s Budget The applicable percentage increase or decrease (or difference) in the amount budgeted In the preceding fis< year and the amount budgeted for thefiscal year that begins during the current tax,year is Indicated for each. the following. expenditure, .categories: Maintenance,and operations 4.730000 % (increase or % decrease) Debt service %° (increase; or -3.610000 % decrease) "Total experiditures 4.340000 % (increase)., or % (decrease) 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 $3,082,853,747 $3,504,149,734 Total appraised value* of new property** $94,626,724 $414,661,931 Totaltaxable value*** of all property $2,229,929,631 $3,310,645,439 Total taxable value*"* of new property** $94,626,724 $113,729,349. Fax laws an: oomph and subj«c to changc'Ilus iefo®aaan is ba+°tl ipoacutrentfedenlmindesineffe~;.atthetLrrethiswasw~itten, z ~totgea-Stardey,and Ite..Fipandal Advlsom do nat pmvide:raa or legtl Q rdvice~ ahd do mt,.by providing this information, hold themxlves out ~ n be'fidue{ariet' ofyout ta-deferred plans. Clknn ~h'ould always p deck with their mz or legal advisor before enypgitrg in any transacrion ~ nvohl'ng II2Aa or other oz=adv+nm~dtinveatments. ~ Invesurtenp and serviars ate odered,.tfitottgh ,' ' ~ . - ~ Norgatt Stanley & Ca Irtwtpotaad; member SIPC. ~ a zoo? tt~tyaa sta~ley 3.99: $~'99. WBlker . Jim Red..`. ;Seem' eettrae LT51v. l 1.75Itr. ;~~.99 5elue Holnitos k**(~ePh~ e0omestic 12pks .___.....__S9.99 me Aeat. Osm 6pka htls... S699 shaiCherd-159m1_., 51199 eak Sear ~c h511 ml.___ $7:98 ih/Chai'dl-liaiot -15Ith.._...57~i9 Bonded Indebtedness Total amount of outstanding and unpaid bonded indebtedness: $4,609,891 Tax Rates Adopted tax rate .for the preceding tax year Proposed tax rate for the current tax year $0.389600 per $100 in value $0.389900 per $1.00 irtvalue Difference in the proposed tax rate and the ' adopted tax rate for the preceding tax year $0.000500 per $100 in value Percentage increase or decrease in the % Increase OR ..proposed tax rate and the adopted tax rate for thepreceding tax year 0.128337 % Decrease These tax rate figures are not adjusted for changes In the taxable value of property. * "Appraised yalue" 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. Comparison of Residence Homestead Values Average appraised ahd taxable values on residence homesteads are compared from the preceding tax year and the current tax year. Preceding TaxYear Current TaiYear Average residence homestead appraised value $120,226. $132;506 Homestead exemption amount for the taxing unit (excluding special exemptions for persons 65 years of age of `older or disabled) $0 $0 Average taxable value of a residence homestead (excluding special exemptions for persons 65 years of age o older or disabled) $120,226 $132,506 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 person 65 years of age` or older-or disabled) are estimated be.$468. The taxes that. would be imposed. in the current tax yearon the residence homestead appraised at tt average. appraised value in the current ax year (excluding special exemptions for person 65 years of age or older or disabled), if the proposed tax rate is'.adopted, are estimated to be $516. The difference between the amount of the taxes on the average. residence homestead in the-current taxyear, if the proposed tax rate is ' adopted, and the preceding tax yea would be an increase of $48 of taxes. 0