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ORDINANCE NO.2016-33 <br /> AN ORDINANCE OF THE CITY COUNCIL OF THE CITY <br /> OF SAN MARCOS,TEXAS,SETTING THE TAX RATE FOR <br /> THE 2016 TAX YEAR AT 53.02 CENTS ON EACH $100 OF <br /> TAXABLE VALUE OF REAL PROPERTY THAT IS NOT <br /> EXEMPT FROM TAXATION; LEVYING TAXES FOR THE <br /> USE AND SUPPORT OF THE MUNICIPAL GOVERNMENT <br /> OF THE CITY FOR THE FISCAL YEAR BEGINNING <br /> OCTOBER 1, 2016, AND ENDING SEPTEMBER 30, 2017; <br /> PROVIDING A SINKING FUND FOR THE RETIREMENT <br /> OF THE BONDED DEBT OF THE CITY; INCLUDING <br /> PROCEDURAL PROVISIONS; AND PROVIDING AN <br /> EFFECTIVE DATE <br /> RECITALS: <br /> 1. State law requires the City Council to set the time and place of two public hearings on <br /> the City's proposed tax rate. <br /> 2. The City Council set September 6, 2016 and September 16, 2016 as the dates of the <br /> public hearings on the proposed tax rate and directed staff to publish notice of the public hearings <br /> in a newspaper of general circulation in the City. <br /> 3. Notice of the public hearing on the proposed tax rate was published in a newspaper of <br /> general circulation on August 19, 2016. <br /> BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br /> TEXAS: <br /> SECTION 1. The City Council levies,approves,and orders to be assessed and collected <br /> for Fiscal Year 2016-2017 on all property in the corporate limits of the City of San Marcos that is <br /> not exempt from taxation,a property(ad valorem)tax at the rate of 53.02 cents per$100 of taxable <br /> value. <br /> THIS TAX RATE WILL RAISE MORE TAXES FOR MAINTENANCE AND <br /> OPERATIONS THAN LAST YEAR'S TAX RATE. THE TAX RATE WILL <br /> EFFECTIVELY BE RAISED BY 3.09 PERCENT AND WILL RAISE TAXES <br /> FOR MAINTENANCE AND OPERATIONS ON A $100,000 HOME BY <br /> APPROXIMATELY $15.90. <br />