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HomeMy WebLinkAboutCity Council Resolutions (R-26-5170)-08/18/2026RESOLUTION R-26-5170 A RESOLUTION OF THE CITY OF COLLEYVILLE, TEXAS PASSED PURSUANT TO SECTION 26.04 AND 26.05, OF THE PROPERTY TAX CODE OF THE STATE OF TEXAS, APPROVING A PROPOSAL OF THE INTENT TO SET PROPERTY TAX RATES AT $0.352480 PER ONE HUNDRED DOLLARS VALUATION FOR FISCAL YEAR 2027; AND PROVIDING FOR AN EFFECTIVE DATE WHEREAS, the designated Taxing Unit Representative for the City of Colleyville, Texas (the "City"), has calculated the amount of the no-new-revenue tax rate and the voter-approval tax rate pursuant to Section 26.04(c) of the Property Tax Code of the State of Texas (the "Property Tax Code"); and WHEREAS, pursuant to Section 26.04(e) of the Property Tax Code, the said tax rates have been submitted to the City Council; and WHEREAS, pursuant to Section 26.05(a) of the Property Tax Code, a taxing unit other than a water district must adopt a tax rate before the later of September 30th or the 60th day after the date of the certified appraisal roll is received by the taxing unit; and WHEREAS, it appears necessary to adopt a tax rate of $0.352480 per one hundred dollars of valuation. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF COLLEYVILLE, TEXAS: Sec. 1. THAT the City Council does, by the approval of this resolution, state its intention to adopt a tax rate for Fiscal Year 2027 of $0.352480 per one hundred dollars of valuation. The Fiscal Year 2027 tax rate will be adopted at the City Council meeting to be held on September 15, 2026, following a public hearing scheduled for September 1, 2026, at 7 p.m. Sec. 2. THAT the 2026 tax roll as certified on July 25, 2026, by the Chief Appraiser of Tarrant Appraisal District is adopted and is the basis for the Fiscal Year 2027 proposed tax rate. Sec. 3. THAT this resolution shall take effect from and after the date of its passage. Resolution R-26-5170 Page 2 of 2 AND IT IS SO RESOLVED. APPROVED BY A VOTE OF 6 AYES, 0 NAYS ON THIS THE 18TH DAY OF AUGUST 2026. Mayor Bobby Lindamood Aye Mark Alphonso, Place 2 Aye Mayor Pro Tem Brandi Elder Aye Ben Graves, Place 4 Absent DeputyMayorProTemScottyRichardson Aye Tim Raine, Place 6 Aye Kimberly Holt Gunderson, Place 5 Aye ATTEST: Ch.��-��- Christine Loven City Secretary, TRMC OF C LLEYVILLE , �� � Bobby Lindamood Mayor