ORDINANCE NO. 240920-A AN ORDINANCE OF THE CITY OF CREEDMOOR, TEXAS APPROVING THE CERTIFIED APPRAISAL ROLL; SETTING THE TAX RATE; LEVYING AND ASSESSING AD VALOREM TAXES FOR THE USE AND SUPPORT OFTHE MUNICIPAL GOVERNMENT OF THE CITY OF CREEDMOOR, TEXAS FOR FISCAL YEAR 2024-2025; APPORTIONINGTHE LEVIES FOR SPECIFIC PURPOSES; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE WHEREAS, the City Council finds that the Travis Central Appraisal District has prepared, certified, and submitted to the tax assessor/collector the appraisal roll oft the City of Creedmoor, Texas (the "City") for 2024; and WHEREAS, the City Council finds that the 2024 certified appraisal roll represents the total appraised, assessed and taxable value of all property and the total taxable value of new property within the City as $10,253,102; and WHEREAS, the City Council finds the tax rate to be levied for 2024 (fiscal year 2024- 2025) set by this ordinance is based on the appraisal roll and is sufficient to provide the tax revenues required by the City; and WHEREAS, the City Council finds all requirements contained in the Texas Tax Code have been met and all required notices havel been issued in accordance with Texas law permitting this taxl levy; and WHEREAS, the City Council finds that this Ordinance is in compliance with Texas Tax Code $26.05(b)C)(A). and 26.05(b)(1)(B) by including the following statement in type larger than THIS TAX: RATE WILL RAISE MORE TAXES FOR MAINTENANCE AND OPERATIONS THANLAST YEAR'S TAX RATE. the type used in any other portion oft this Ordinance: THE TAX RATE WILL EFFECTIVELY BE RAISED BY: 3.25 PERCENT AND WILL RAISETAXES FOR MAINTENANCE AND OPERATIONS ONA$100,000 HOME BY APPROXIMATELY $77,463.14. NOWTHEREFORE BE IT ORDAINED BYTHE CITY COUNCIL OF THE CITY OF CREEDMOOR, TEXAS: Section 1. There isl hereby levied an ad valorem tax of$0.419 on eachs $100.00ofproperty within the City which is not exempt from taxation under the State constitution or State law. The general fund operating portion ofthet taxi is $0.419. Page 1 of2 Section 2. The City's tax assessor/collector is hereby authorized to assess and collect the Section 3. The taxes levied hereby are due presently, and shall be delinquent ifnot paid Section 4. This tax levy ordinance shall be effective from and after its passage and Section 5. Pursuant to Texas Tax Code $26.05(b), this ordinance must be ai record vote; taxes oft the City employing the above tax rate. by January 31, 2025. adoption by the City Council. which is reflected below: Mayor Pro Tem Jakobeit: Alderman Jesse Solis: Alderman John Gray Alderwoman Anna Marquez Yes No Abstain Absent Yes No Abstain Absent VXes No Abstain Absent VYes No _Abstain _Absent PASSED, ADOPTED AND APPROVED by the City on this the 19th day of September, 2024. JeffJakobeit, Mayor-Pre-Tem 5 ATTEST: d CITY Op EAt City Administrator * REED Page 2 of2