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Posted on: September 12, 2017

Proposed Tax Rate Lowered

Proposed Tax Rate Lowered
City Council is expected to take their final look at the coming year’s proposed tax rate and budget at their Regular Meeting on Monday when approval is expected.  Likewise, residents can take their own close look at these documents by clicking here and downloading them.

Like the majority of homes in the North Texas area, most Sachse residents have seen increases in the value of their properties, in some cases, as much as a 10 percent hike in value.  While that’s certainly welcome news, it also means that the tax exposure for the same piece of property has also increased from last year.  That’s because property taxes are based on the value of a home or property.

In response, the City of Sachse has chosen to lower the rate at which taxes are calculated.  In fact, the proposed tax rate for Sachse is a full cent lower than last year.  In contrast, the tax rates for the school districts serving Sachse have remained the same as last year.

Total property tax revenue for Sachse is about 12 percent higher than last year; this includes almost $800 thousand in revenue from new construction, just over half of the additional revenue from property taxes.

Significantly, while the tax rate for the City of Sachse is lowered, it’s only a little more than a fourth of the total tax bill for homes.  Other taxing agencies include either the Wylie or Garland school districts, Collin College or Dallas County Community Colleges, Collin or Dallas Counties, and for those in Dallas, Parkland Hospital.

Sachse’s one-cent drop brings our rate to $0.747 per $100 valuation.  Wylie, on the other hand, dropped their rate by six cents.  Even with that six-cent decrease, Wylie residents are still subject to a dramatically higher tax rate than Sachse residents.  Wylie taxes its residents at a rate of $0.781 per $100 valuation, almost four cents more than Sachse.

Here are the tax breakdowns for Sachse homes in Collin County. 

Here is an estimated tax calculation for an average Collin County residence in Sachse:

Jurisdiction Taxable Value Tax Rate Tax
City of Sachse $294,248 0.747279 $2,198.85
Wylie ISD $269,248 1.640000 $4,415.67
Collin College $294,248 0.081222 $238.99
Collin County $279,536 0.208395 $582.54
TOTAL   2.676896 $7,436.05
 
 Here are the tax breakdowns for Sachse homes in Dallas County. 

Here is an estimated tax calculation for an average Dallas County residence in Sachse:
Jurisdiction Taxable Value Tax Rate Tax
City of Sachse $215,927 0.747279 $1,613.58
Garland ISD $190,927 1.460000 $2,787.53
Parkland Hosp $172,742 0.279400 $482.64
DCCC $172,742 0.122933 $212.56
Dallas County $172,742 0.252371 $435.95
TOTAL   2.861983 $5,532.06

A review of these charts shows that the school districts are, by a large measure, the highest portions of individual tax bills.   

City revenues increase
While the City’s revenue last year was just over $16.3 million, this year’s proposed budget is set at slightly over $17 million.  As mentioned, the increasing value of homes and property accounted for the increase, even with the one cent drop in the ad valorum tax rate.

The chart shows where the budget funds originate.
 
Expenses only rise by 3.76%
On the expenses side, last year’s General Fund budgeted expenditures totaled $16,250,669 compared to the proposed budget of $16,860,976—an increase of 3.76%.

Public safety takes the lion’s share of the budget at over $9.6 million.  Over half of the budget is devoted to police, fire, animal control and emergency services.  Public Works and General Government take up the next highest levels, each with about $2.3 million.  Finally, Culture and Recreation, and Development complete the remaining expenses, combining for about $2.5 million.

This chart shows where the budget funds are spent.

Impact on Residents
The charts below demonstrate the average change for average homes over last year. 

Collin County Average Home Tax Change:

Jurisdiction 2016 Tax Value Tax 2017
Tax Value
Tax Increase Percent Increase
City of Sachse $267,401 $2024.86 $294,248 $2198.85 $173.99 8.59%
WISD $242,401 $3975.38 $269,248 $4415.67 $440.29 11.08%
Collin College $267,401 $217.19 $294,248 $238.99   $21.80 10.04%
Collin County $254,031 $529.39 $279,536 $582.54   $53.25 10.04%
TOTAL   $6746.82   $7436.05 $689.23 10.22%
 
Dallas County Average Home Tax Change:
Jurisdiction 2016 Tax Value Tax 2017 Tax Value Tax Increase Percent Increase
City of Sachse $197,999 $1499.40 $215,927 $1613.58 $114.17 7.61%
GISD $172,999 $2525.79 $190,927 $2787.53 $261.75 10.36%
Parkland $158,399 $442.57 $172,742 $482.64 $40.07 9.05%
DCCC $158,399 $194.72 $172,742 $212.36 $17.64 9.06%
Dallas County $158,399 $399.75 $172,742 $435.95 $36.20 9.06%
TOTAL   $5062.23   $5532.06 $469.83 9.28%

The City Council is expected to approve the budget at the Sept. 18 meeting. 

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