NTMWD 2025 Summer

Wylie slashing property tax rate

by | Aug 9, 2017 | Latest

To give some relief to residents, Wylie City Council this week approved slashing the property tax rate by almost seven cents to a level at which most homeowners will see no increase in their tax bill from last year.

Council members approved a proposed property tax rate of 78.1 cents per $100 assessed valuation at their meeting Tuesday, Aug. 8. The tax levy in 2017 was 84.89 cents.

The proposed rate is slightly less than the 2018 effective rate, a levy at which the average property owner will not experience an increase in their ad valorem tax. The city will still generate more property tax money than it did last year because of new property added to tax rolls.

City staff based earlier budget calculations on a nine percent increase in property values and 2-cent decrease in the tax rate, but calculations were reworked at the lower tax rate when Collin Central Appraisal District released certified tax values last month showing a 13.87 percent increase in values.

No public hearings on the Wylie property tax rate are required because the rate is less than the effective and rollback levels. A public hearing on the budget will be conducted Aug. 22 and the 2017-18 budget and tax rate will formally be adopted by the council on Sept. 12.

For more stories like this subscribe to our print or e-edition.

Collin Summer 2025

Deprecated: Creation of dynamic property ET_Builder_Module_Comments::$et_pb_unique_comments_module_class is deprecated in /home/csmediatexas/wylienews/wp-content/themes/Divi/includes/builder/class-et-builder-element.php on line 1380

0 Comments

Subscribe RH Love

Related News

Operation targeted online child exploitation

Operation targeted online child exploitation

Operation Soteria Shield was conducted in April resulting in the rescue of 109 children and arrest of 244 offenders. Federal, state and local law enforcement agencies, prosecutors and advocacy groups completed a month-long collaborative enforcement effort aimed at...

read more
Local legislators recap session

Local legislators recap session

Two Texas House members from Collin County take pride in what lawmakers accomplished in the 89th Legislature that ended this month. “The only item we are required to pass each session is the state budget,” said Rep. Jeff Leach. “I’m proud to say that the budget we...

read more
County returning to hand-marked paper ballots

County returning to hand-marked paper ballots

Paper ballots for upcoming Collin County elections contain oval bubbles that voters will fill in by hand. Starting with November’s general election, Collin County voters will be going back to the future. Collin County commissioners have agreed to return to hand-marked...

read more
Board appointments at council

Board appointments at council

Wylie City Council kicked off its June 11 meeting with a round of recognitions, honoring a Wylie Way student, celebrating In-Sync Exotics for its contributions and applauding the municipal clerk’s office for earning the Achievement of Excellence Award. A proclamation...

read more
Wylie East Year in Review: Fall Sports 2024

Wylie East Year in Review: Fall Sports 2024

Wylie East alumna Erika Hernandez fires the ball around the hands of Wylie senior Peyton Stade during a District 9-6A volleyball match on Tuesday, Oct. 8 from Montgomery Center. Hernandez was later named the district’s most valuable player. Photo by Maddie Smith /...

read more
Potential measles exposure in Collin County

Potential measles exposure in Collin County

Collin County Health Care Services has been notified that an individual who spent time in Collin County from Saturday, May 31, through Sunday, June 1, has tested positive for measles. The individual visited two public venues while infectious: • Lemma Coffee Company,...

read more
Three charged in local burglary

Three charged in local burglary

The Wylie Police Department has charged three teen-agers in connection with the burglary of a convenience store, a police spokesman said.  Sgt. Donald English said an 18-year-old man and two juveniles have been charged with engaging in organized criminal activity...

read more
Order photos