HomeMy WebLinkAboutOrdinances (O-25-2343)-09/16/2025ORDINANCE 0-25-2343
LEVYING TAXES FOR THE OPERATION OF THE MUNICIPAL
GOVERNMENT OF THE CITY OF COLLEYVILLE, TEXAS, FOR THE
FISCAL YEAR 2026; ESTABLISHING THE AD VALOREM TAX RATE OF
$0.311931 PER ONE HUNDRED DOLLARS VALUATION; PROVIDING
FOR APPORTIONMENT OF TAXES FOR INTEREST AND SINKING
FUND FOR CERTAIN BOND INDEBTEDNESS AND FOR GENERAL
OPERATING NEEDS, PROVIDING PENALTIES AND INTEREST FOR
THE DELINQUENT TAXES, AND TO BECOME EFFECTIVE ON
OCTOBER 1, 2025
THIS TAX RATE WILL RAISE MORE TAXES FOR MAINTENANCE AND
OPERATIONS THAN LAST YEAR'S TAX RATE.
THE TAX RATE WILL EFFECTIVELY BE RAISED BY 13.1 PERCENT
AND WILL RAISE TAXES FOR MAINTENANCE AND OPERATIONS ON
A $100,000 HOME BY APPROXIMATELY $34.06.
WHEREAS, a budget has been adopted by the City Council of the City of
Colleyville, Texas, covering the proposed expenditures of the
municipal government of the City of Colleyville for the fiscal
year beginning October 1, 2025, and ending September 30,
2026;and
WHEREAS, said budget reflects the needs for revenue to meet the
expenses proposed therein; and
WHEREAS, the City is required to accumulate an Interest and Sinking
Fund for certain outstanding bond indebtedness; and
WHEREAS, the City Council, after careful consideration, has determined
that an increase in the tax rate is necessary to meet the
essential needs of the community, including funding for
critical services and infrastructure, while ensuring that the
increase is the minimal amount required to support these
priorities.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE
CITY OF COLLEYVILLE, TEXAS:
Sec. 1. THAT there is hereby levied an ad valorem tax that shall be
collected for the use and support of the municipal
government of the City of Colleyville. It shall provide the
Ordinance 0-25-2343
Page 2 of 3
legally required Interest and Sinking Fund for certain
outstanding bond indebtedness during the 2026 fiscal year.
Such tax shall be levied upon all property, real, personal, or
mixed within the corporate limits of Colleyville, Texas, which
is subject to taxation. The rate of tax shall be $0.311931 on
each $100.00 property assessment. Said tax levied for and
apportioned to the following specific purposes:
A. For the General Fund, a tax rate of $0.294232 is levied.
B. For the Interest and Sinking Fund, a tax rate of
$0.017699 is levied.
Sec. 2. THAT taxes levied by this ordinance shall be due and payable
on the first day of October 2025, and shall become delinquent
on the first day of February 2026, if unpaid. Upon taxes
becoming delinquent, interest and penalty will be added as
required in Section 33.01 of the Texas Property Tax Code,
and shall commence on the first day of February 2026. The
City of Colleyville is hereby authorized to adopt any and all
legal remedies provided by the Texas Property Tax Code for
the purpose of collecting delinquent taxes.
AND IT IS SO ORDERED.
The first reading and public hearing being conducted on the 3rd day of
September 2025.
The second reading and public hearing being conducted on the 16th day of
September 2025.
Ordinance 0-25-2343
Page 3 of 3
APPROVED BY A VOTE OF 7 AYES, O NAYS, ON THIS THE 16TH DAY OF
September 2025.
Mayor Bobby Lindamood Aye Mark Alphonso, Place 2 Aye
Mayor Pro Tern Brandi Elder Aye Ben Graves, Place 4 Aye
Deputy Mayor Pro Tern Scotty Richardson Aye Tim Raine, Place 6 Aye
Kimberly Holt Gunderson, Place 5 Aye
ATTEST:
Christine Loven, TRMC
City Secretary
APPROVED AS TO FORM:
Whitt W att
City Attorney
CITY OF COLLEYVILLE
Bob da
C' =d' j
mood
Mayor