Sage Creek Community News

Hey did everyone know that the Wylie board is proposing to raise the taxes to something like .056 this year? did you also realize that if your house is 140,000 your taxes will go up to OVER 7800 a year? Does anyone know more about this proposed tax Increase?

Not Quite

Tax rates are per $100 of property value so an increase of .056 on $140K would be $78.40. I haven't heard anything about an increase but it wouldn't surprise me. My value went down on the last revaluation and it's typical for municipalities to increase rates after lowering values.

confused???

I don't understand what you are referring to. It looks like they are freezing the rate for the upcoming budget. I took this information off the City of Wylie site.

Current tax rate...
On September 14, 2004, the Wylie City Council lowered the City's tax rate for a fourth consecutive year. For fiscal year 2004-05, the tax rate is $.695 per $100 of taxable valuation. Tax exemptions are available for residents over the age of 65 and disabled persons. The Wylie City Council has also adopted the tax ceiling option for residents over the age of 65 and disabled persons.

Proposed tax rate...
At its August 9 meeting, the Wylie City Council accepted the proposed ad valorem tax rate of $0.695 per $100 valuation for Fiscal Year (FY) 2005-2006. Council also set a public hearing for tax rate. A copy of the FY 2005-06 Proposed Budget is available for viewing at the City Secretary?’s Office, 2000 Hwy 78 N, and Smith Public Library, 800 Thomas.

Looks the same to me....