The total assessed valuation increased by $404,509,202 to $3,325,563,066. The increase in the assessed valuation in FY2016-2017 will result in an increase of $2,866,823 in ad valorem tax revenues for Maintenance and Operations. The tax rate for the Maintenance and Operations is .611583/100 and the Interest & Sinking fund is .257317/100 for a total proposed tax rate of .84890/100. The Interest and Sinking fund is used to pay for bonds and certificates approved by the voters. For FY2016-2017, the City's proposed tax rate will be over the effective tax rate but under the rollback tax rate.This tax levy will generate $21,797,780 for the General Fund and $7,893,594 for the Interest & Sinking Fund.
The average homestead value is $202,000, which is an increase of 6.85% from the prior year. Overall, total assessed valuation was 13.85% more than prior year. Over the past seven years, new construction permits have ranged from 200 to 350. This growth trend is expected to remain relatively consistent going into 2017, based on information from builders, planned subdivisions within the city and anticipated commercial development.
The City of Wylie ADOPTED A TAX RATE THAT WILL RAISE MORE TAXES FOR MAINTENANCE AND OPERATIONS THAN LAST YEAR'S TAX RATE.
THIS BUDGET WILL RAISE MORE TOTAL PROPERTY TAXES THAN LAST YEAR'S BUDGET BY $3,022,247 OR 11.3%, AND OF THAT AMOUNT, $1,234,156 IS TAX REVENUE TO BE RAISED FROM NEW PROPERTY ADDED TO THE TAX ROLL THIS YEAR.
The Tax Assessor/Collector is responsible for calculating, billing and collecting taxes.
City of Wylie's Tax Assessor Collector:
Kenneth L. Maun
P O Box 8006 McKinney , TX 75070
Visit the Central Appraisal District of Collin County for important information concerning tax rates, exemptions, appraisals, certified totals, protest procedures and other important tax information.