HomeMy WebLinkAboutOrdinance 5071 ORDINANCE NO, 5071
AN ORDINANCE LEVYING A TAX ON THE REAL AND
PERSONAL PROPERTY WITHIN THE CITY OF
FAYETTEVILLE, ARKANSAS, FOR THE YEAR 2007 FIXING
THE RATE THEREOF AT 1 .3 MILLS FOR GENERAL FUND
OPERATIONS, 0.4 MILLS FOR THE FIREMEN'S PENSION
AND RELIEF FUND, 0.4 MILLS FOR THE POLICEMEN' S
PENSION AND RELIEF FUND AND 1 .0 MILL FOR THE
FAYETTEVILLE PUBLIC LIBRARY; AND CERTIFYING THE
SAME TO THE COUNTY CLERK OF WASHINGTON
COUNTY, ARKANSAS
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
FAYETTEVILLE, ARKANSAS:
Section 1 : That a tax is hereby levied on the real and personal property within the
City of Fayetteville, Arkansas, for the year 2007 to be collected in 2008 for the following
purposes at the following rates:
REAL AND PERSONAL PROPERTY
Purpose Levy
General Fund — Operations 1 .3 mills
Fayetteville Public Library 1 .0 mills
Policemen's Pension Fund 0.4 mills
Firemen's Pension Fund 0.4 mills
TOTAL 3 . 1 mills
Section 2 : That the real and personal property tax so levied and the rates provided
therefore are hereby certified to the Clerk of Washington County, Arkansas, to be placed in the
tax book by the County Clerk and collected in the same manner that the county and school
district taxes are collected.
Page 2
Ordinance # 5071
Section 3 : The City Clerk is hereby authorized and directed to file certified copies of
this ordinance in the office of the County Recorder, County Clerk, County Assessor, and the
County Tax Collector for Washington County, Arkansas.
PASSED and APPROVED this 30th day of October, 2007.
APPROVE . ATTEST:
By: y: (a�<qs nµ7�
AN COODY, Mayor SONDRA E. SMITH, City Clerk/Treasure
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STATE OF ARKANSAS RECEIVED
Washington County Courthouse
280 North College.Avenue, Suite 300
Fayetteville, Arkansas 72701 SEP 2 6 2001
Telephone: (479) 444-1711
KAREN COMBS PRITCHARD Fax (479) 444-1894 CITY OF FAYETTEVILLE
COUNTY AND PROBATE CLERK CITY CLERKS OFFICE
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Dear Clerk:
Please submit the tax levy figures for your City for the year 2007. The Quorum Court meets on
November 8th. I need this information by November 1st. Please give us the total levy figure and
complete breakdown of tax in the space provided below. This information must be provided on this
form.
Sincerely yours,
Karen Combs Pritchard
Washington County Clerk
TOTAL 3 . 1 MILLS
BREAKDOWN, 1 . 3 Mils General Fund - Operations
1 . 0 Mils Fayetteville Public Library
0 . 4 Mils Policemen ' s Pension Fund
0 . 4 Mils Firemen ! s Pension Fund
SIGNATURE AND TITLE OF PERSON AUTHORIZED TO SUBMIT TAX
City of Fayetteville OP- 0/
Staff Review Form /01 .0/07
City Council Agenda Items 50-7 /
or XI/�a��
Contracts
10/2/2007
City Council Meeting Date
Paul A. Becker Finance Finance
Submitted By Division Department
Action Required:
City Council is requested to adopt real and personal property tax rates for 2007 for the Policemen's Pension & Relief, the
Firemen's Pension & Relief Funds, and the Fayetteville Public Library. The rate to be adopted for the Policemen's Pension
& Relief Fund and the Firemen's Pension & Relief Fund is 0.4 mils for real property and 0.4 mils for personal property, the
millage for the Fayetteville Public Library is 1 .0 mil for real property and 1 .0 mil for personal property. City Council is
requested to adopt real and personal property tax rates for 2007 for the City's General Fund. The rate requested for the
City's General Fund is 2.2 mils for real property and 2.2 mils for personal property.
Cost of this request Category / Project Budget Program Category / Project Name
Account Number Funds Used to Date Program / Project Category Name
Project Number Remaining Balance Fund Name
Budgeted Item Budget Adjustment Attached
Previous Ordinance or Resolution Of 4935
Department Director Date Original Contract Date:
Original Contract Number:
dy Attomey Date
Received in City Clerk's Office
Finance and Internal Service Director Date
Received in Mayor's Office
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Mayor Date
Comments: `� � O
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ARKANSAS
DEPARTMENTAL CORRESPONDENCE
TO: Mayor Dan Coody and Fayetteville City Council
FROM: Paul A. Becker, Director of Finance
DATE: September 14, 2007
SUBJECT: 2007 Millage Levy
Recommendation:
City staff recommends that City Council approve the millage levy ordinance approving the 0.4 mils
for the Policemen's Pension and Relief Fund, 0.4 mils for the Firemen's Pension and Relief Fund,
1 .0 mils for the Fayetteville Public Library, and 2.2 mils for 2008 General Fund operations.
Background:
Each year the City must approve an ordinance to renew the levy of ad valorem taxes on real and
personal property within the City. This request will provide for such levy on property assessed
during 2007.
The total assessed value of real and personal property located within the city limits of Fayetteville, as
of August 1 , 2007, is approximately $ 1 . 163 billion. The assessed valuation is before the Washington
County Board of Equalization has made all the changes to the County Assessors Abstract. Based on
the preliminary assessments, the growth in real estate assessments is approximately 12.85%. The
change in assessed real estate value is due to newly discovered, newly constructed property 10.55%
Discussion:
A millage levy ordinance must be approved by City Council in order for the City to continue to
collect property taxes for the Policemen' s Pension and Relief Fund and the Firemen's Pension and
Relief Fund. The millage levy for the Policemen's Pension and Relief Fund is 0.4 mils for real
property and 0.4 mils on personal property. The millage levy for the Firemen' s Pension and Relief
Fund is 0.4 mils for real property and 0.4 mils on personal property as was approved by referendum.
A millage levy ordinance must be approved for the operation of the Fayetteville Public Library and
that was approved by the voters on October 1 , 2002. The millage levy for the Fayetteville Public
Library is 1 .0 mils for real property and 1 .0 mils on personal property.
Finally, City staff is requesting that City Council approve a millage levy ordinance for General Fund
operations in the amount of 2.2 mils for both real and personal property. This represents an increase
of 0.9 mils over the 1 .3 mils approved by City Council on October 10, 2006 and is still 2.8 mils less
than the discretionary amount of 5.0 mils allowed by State statute.
The 2008 proposed property tax revenue amount based on the 2.2 mil levy is estimated to bring in
$2,432,000 in General Fund revenue. The 2008 Proposed Summary Budget for General Fund
Budget will be distributed to City Council on Saturday, September 29 at a Budget work session at
which time the need for a levy increase will be discussed in depth. Additional meetings during the
month of October to discuss the millage levy will be held as needed. A proposed calendar is shown
below:
Tuesday, September 25 Agenda Session
Property Tax Item
Saturday, September 29 City Council Working Session
2008 General Fund Draft Budget distributed
Tuesday, October 2 City Council Meeting
Property Tax Discussion
Tuesday, October 10 Agenda Session
Property Tax Discussion
Tuesday, October 16 City Council Meeting
Property Tax Discussion & Decision
Tuesday, October 30 Agenda Session / Special City Council Meeting
(If Needed)
Budget Impact:
The 0.4 mils Police and 0.4 Fire is needed to fund the Pension plans for both areas. The 1 .0 mils is
used to fund the operation of the Fayetteville Public Library. The 2.2 mils will be used to fund
General Fund operations.
Conclusion:
The millage levy must be at Washington County, November 1 to be included in their consolidated
levy ordinance which will be approved at the November 8, Quorum Court meeting. The City levy
will be added to the levies by Washington County, the various school districts, improvement districts
and other cities within the County when the Washington County Quorum Court adopts its millage
levy for 2007.
If you have any questions concerning this agenda request please contact either myself at 575-8330.
City of Fayetteville
Property Tax Revenue per Mil
August 1 , 2007
Millage Approximate Revenue
0. 10 $ 111 ,000
0.20 $ 221 ,000
0.30 $ 332,000
0.40 $ 442,000
0.50 $ 553,000
0.60 $ 663,000
0.70 $ 774,000
0.80 $ 8849000
0.90 $ 995,000
1 .00 $ 11106,000
1 .30 $ 194379000
2.00 $ 21211 ,000
2.20 $ 2,432,000
2.50 $ 207640000
3.00 $ 3,3179000
3.50 $ 3,869,000
4.00 $ 41422,000
4.50 $ 4,975,000
5.00 $ 515289000
The millage revenue reflected above is based on the Washington County Preliminary Summary
Report of County Assessments for the Year 2007 dated August 1 , 2007 and excludes real and
personal property for Utilities. The City Council can approve up to 5.0 mils for operations. The
table assumes a 95% collection rate. Total real and personal property assessments for 2007
amount to approximately $1 , 165 million excluding real estate and personal property for utilities.
Property Tax Impact Illustration
Appraised Value Assessed Value 1 Mil Tax / Year
Single Family Home $ 75,000.00 $ 15,000.00 $ 15.00
Single Family Home $ 1009000.00 $ 20,000.00 $ 20.00
Single Family Home $ 150,000.00 $ 30,000.00 $ 30.00
ORDINANCE NO. 5071
AN ORDINANCE LEVYING A TAX ON THE REAL AND
PERSONAL PROPERTY WITHIN THE CITY OF
FAYETTEVILLE, ARKANSAS, FOR THE YEAR 2007 FIXING
THE RATE THEREOF AT 1 .3 MILLS FOR GENERAL FUND
OPERATIONS, 0.4 MILLS FOR THE FIREMEN'S PENSION
AND RELIEF FUND, 0.4 MILLS FOR THE POLICEMEN' S
PENSION AND RELIEF FUND AND 1 .0 MILL FOR THE
FAYETTEVILLE PUBLIC LIBRARY; AND CERTIFYING THE
SAME TO THE COUNTY CLERK OF WASHINGTON
COUNTY, ARKANSAS
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
FAYETTEVILLE, ARKANSAS:
Section 1 : That a tax is hereby levied on the real and personal property within the
City of Fayetteville, Arkansas, for the year 2007 to be collected in 2008 for the following
purposes at the following rates:
REAL AND PERSONAL PROPERTY
Purpose Levy
General Fund — Operations 1 .3 mills
Fayetteville Public Library 1 .0 mills
Policemen's Pension Fund 0.4 mills
Firemen's Pension Fund 0.4 mills
TOTAL 3 . 1 mills
Section 2: That the real and personal property tax so levied and the rates provided
therefore are hereby certified to the Clerk of Washington County, Arkansas, to be placed in the
tax book by the County Clerk and collected in the same manner that the county and school-
district
chooldistrict taxes are collected.
Page 2
Ordinance B 5071
Section 3: The City Clerk is hereby authorized and directed to file certified copies of
this ordinance in the office of the County Recorder, County Clerk, County Assessor, and the
County Tax Collector for Washington County, Arkansas.
PASSED and APPROVED this 30th day of October, 2007.
APPROVE ATTEST:
By: Y: CaAS �
AN COODY, Mayor SONDRA E. SMITH, City Clerk/Treasure
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ORDINANCE NO,
AN ORDINANCE LEVYING A TAX ON THE REAL AND PERSONAL
PROPERTY WITHIN THE CITY OF FAYETTEVILLE, ARKANSAS, FOR
THE YEAR 2007 FIXING THE RATE THEREOF AT 2.2 MILLS FOR
GENERAL FUND OPERATIONS, 0.4 MILLS FOR THE FIREMEN ' S
PENSION AND RELIEF FUND, 0.4 MILLS FOR THE POLICEMEN' S
PENSION AND RELIEF FUND AND 1 .0 MILL FOR THE FAYETTEVILLE
PUBLIC LIBRARY; AND CERTIFYING THE SAME TO THE COUNTY
CLERK OF WASHINGTON COUNTY, ARKANSAS
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
FAYETTEVILLE, ARKANSAS:
Section l : That a tax is hereby levied on the real and personal property within the
City of Fayetteville, Arkansas, for the year 2007 to be collected in 2008 for the following
purposes at the following rates:
REAL AND PERSONAL PROPERTY
Purpose Levy
General Fund — Operations 2.2 mills
Fayetteville Public Library 1 .0 mills
Policemen ' s Pension Fund 0.4 mills
Firemen' s Pension Fund 0.4 mills
TOTAL 4.0 mills
Section 2: That the real and personal property tax so levied and the rates provided
therefore are hereby certified to the Clerk of Washington County, Arkansas, to be placed in the
tax book by the County Clerk and collected in the same manner that the county and school
district taxes are collected.
Section 3 : The City Clerk is hereby authorized and directed to file certified copies of
this ordinance in the office of the County Recorder. County Clerk, County Assessor, and the
County Tax Collector for Washington County, Arkansas.
PASSED and APPROVED this 2"d day of October, 2007.
APPROVED: ATTEST:
By: By:
DAN COODY. Mayor SONDRA E. SMITH, City Clerk/Treasurer
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