02-37 - OORDINANCE NO. 02-37
ORDINANCE FOR ADOPTING A TAX RATE
BE IT RESOLVED AND ORDERED BY THE TOWN COUNCIL OF THE TOWN `."
OF PROSPER, TEXAS THAT; cam-_
WE THE COUNCIL OF PROSPER, TEXAS DO HEREBY LEVY OR ADOPT THE
TAX RATE PER $100 VALUATION FOR THE TAX YEAR OF 2002-2003 AS
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FOLLOWS:
ORDINANCE LEVYING A TAX RATE
FOR THE TOWN OF PROSPER FOR THE YEAR 2002-2003
$ .244698 For the purpose of Maintenance and Operation
$ .115302 For the payment of Principal and Interest on Debt
$ .360000 Total Tax Rate
Date: October 1, 2002
Signed By:
im Dunmire
Mayor, Town of Prosper
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Filed for Record in:
Collin COUnt , McKinney TX
Honorable Helen Starnes
Collin County Clerk
On Oct 11 2002
At 10:36am
Doc/NUM : 2002-- 0147729
Recordin /Type:OR 11.00
Receipt #: 36209
notice oii runic nearing on 'lax Increase
ILM
The Town of Prosper will hold a public hearing on a proposal to increase
total tax revenues from properties on the tax roll in the preceding year by
19.29 percent. 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 September 16, 2002 at 601 S. Church St.,
Prosper at 7:OOpm +
FOR the proposal: Larry Tracey Charles Niswanger
Jeff Walker Russell Kaker
Jim Dunmire
AGAINST the proposal: None
PRESENT and not voting: None
ABSENT: Micheal Perry
The following table compares taxes on an average home in this taxing unit
last year to taxes proposed on the average home this year. Again, your
individual taxes may be higher or lower, depending on the taxable value of
your property.
Last Year This Year
Average residence homestead value $149,000 $185,700
General exemptions available $0 $0
(amount available on the average homestead, not including senior
citizen's or disabled person's exemptions)
Average taxable value $149,000 $185,700
Tax rate (per $100) 0.36 0.36
Tax $536.40 $668.52
Under this proposal, taxes on the average homestead would increase by
$132.12 or 24.63 percent compared with last year's taxes. Comparing
tax rates without adjusting for changes in property value, the tax rate
would stay the same by $0.00 per $100 of taxable value or 0.00 percent
compared to last year's tax rate. These tax rate figures are not adjusted
for changes in the taxable value of property.
ION II-- McKinney Courier -Gazette —Friday, September 20, 2002— age 3
.l
a
'oti ce
of Vote on Tax Rate
The Town of Prosper
conducted a public hearing on a proposal
to increase the total tax revenues of the
Town of Prosper
from properties on the tax roll in the
preceding year by 19.29 percent on
September 16, 2002 at 7:00 PM
The Town Council is scheduled to vote on
the tax rate that will resbit in that.tax
increase at a public meeting to be held
on September 30, 2002, at 7:00 PM
at 601 S. Church Street,
Prosper, TX 75078