The City of Wylie ADOPTED A TAX RATE THAT WILL RAISE MORE TAXES FOR MAINTENANCE AND OPERATIONS THAN LAST YEAR'S TAX RATE. New construction permits are expected to be at 500 based on information from builders, planned subdivisions within the city and anticipated commercial development. Overall, total assessed valuation was 8.36% more than prior year. The average homestead value is $297,051 which is an increase of 7.23% from the prior year. This tax levy will generate $28,142,536 for the General Fund and $8,696,273 for the Interest & Sinking Fund. For FY2021-2022, the City's tax rate is the no new revenue tax rate. The Interest and Sinking fund is used to pay for bonds and certificates approved by the voters. 491864/100 and the Interest & Sinking fund is. The tax rate for the Maintenance and Operations is. The increase in the assessed valuation in FY2021-2022 will result in an increase of $1,210,297 in ad valorem tax revenues for Maintenance and Operations.

Taxes are levied on January 1 of each year and are considered past due on February 1 of the following year. Tax revenue is used to support General Fund operations and to fund long-term bonded indebtedness. The City of Wylie tax collector sends statements in October to each taxpayer.

Property tax rolls were certified in July, and the tax rate was adopted on August 24, 2021, along with the City's annual operating budget. The City of Wylie has properties in Collin County, Rockwall County and Dallas County. The Central Appraisal District for each county with property boundaries within the City determines the value for each property in the City. land and improvements), mobile homes and on business personal property. The City currently levies a property tax on real property (i.e. The City is authorized to levy an annual ad valorem property tax on real property and personal property within the City.

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