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WPC News Summary, 07 July 2023 Added to past blogs UPDATE: Property Tax, 88th TX Legislative Session : Property tax relief package 2nd largest in state history Texas Senate unanimously passes $18 billion in property tax relief Electricity, Energy, ERCOT “Texas Must Upgrade Its Energy Grid To Accommodate Rural Population Dynamics ‑ Texas Style Williams Weekly, 26 June 2023 Property Tax, 88th TX Legislative taxes.

We are waiting on final property tax numbers which we need before we can determine what the actual cost Proposed August 22, 2022 at 6:00 PM • Exhibits: • Notice of Meeting to Vote on Tax Rate "A tax rate of taxes than last year’s budget by $167,369 or 11.08% and of that amount $167,369 is tax revenue from new property added to the tax roll this year." 5. the proposed lower tax rate.

The council also approved the creation of a public improvement district (PID) and a tax increment reinvestment The TIRZ abatement buys down the property taxes as an incentive to the developer and property assessments Council also approved entering a sales tax agreement with Parker County Emergency Services District 1 that officials noted could essentially double the current sales tax collection of around $2 million The addition of the property will expand Willow Park’s city limits by half a square mile.

items to be purchased Texas sales-tax-free. items to be purchased Texas sales-tax-free. Remember, the Texas sales tax holidays are for Texas sales tax only. Willow Park has three (3) taxing entities that charge sales tax: District / Rate • Texas State / 6.250% and Use Tax Texas imposes a 6.25 percent state sales and use tax on all retail sales, leases and rentals

New Property Tax State Laws and how they affect Willow Park residents, Q&A by Phil King Williams Weekly WPC News Summary, 07 July 2023 Added to past blogs UPDATE: Property Tax, 88th TX Legislative Session : Property tax relief package 2nd largest in state history Texas Senate unanimously passes $18 billion in property tax relief Electricity, Energy, ERCOT “Texas Must Upgrade Its Energy Grid To Accommodate Rural Population Dynamics ‑ Texas Style Williams Weekly, 26 June 2023 Property Tax, 88th TX Legislative

New Property Tax State Laws and how they affect Willow Park residents, Q&A by Phil King Williams Weekly WPC News Summary, 07 July 2023 Added to past blogs UPDATE: Property Tax, 88th TX Legislative Session : Property tax relief package 2nd largest in state history Texas Senate unanimously passes $18 billion in property tax relief Electricity, Energy, ERCOT “Texas Must Upgrade Its Energy Grid To Accommodate Rural Population Dynamics ‑ Texas Style Williams Weekly, 26 June 2023 Property Tax, 88th TX Legislative

New Property Tax State Laws and how they affect Willow Park residents, Q&A by Phil King Williams Weekly WPC News Summary, 07 July 2023 Added to past blogs UPDATE: Property Tax, 88th TX Legislative Session : Property tax relief package 2nd largest in state history Texas Senate unanimously passes $18 billion in property tax relief Electricity, Energy, ERCOT “Texas Must Upgrade Its Energy Grid To Accommodate Rural Population Dynamics ‑ Texas Style Williams Weekly, 26 June 2023 Property Tax, 88th TX Legislative

Summary: Willow Park Council has authorized staff to prepare a Tax Note in an amount not to exceed $1.5 2025. • Latest Update: 08 April 2025 • Tags:   #Streets   #Parks   #Finance City starts $1.5 million Tax During the 08 April 2025 Council Meeting, the City authorized staff to prepare a Tax Note in an amount system improvements and following the discussion, Council may consider authorizing staff to prepare a Tax

tax, higher prices State agency proposes changes to power market aimed at averting mass blackouts. "pours in," ditto for Willow Park TX Governor ‘Eliminate School Property Taxes’ WPC News Summary 2022 Dwight Eisenhower​ 9/11 The Field of Flags returns to Willow Park Texas smashes tax revenue collection totals in fiscal 2022 Texas’ housing market shows signs of cooling down Property Tax News, August 2022 Speak up about property taxes WP Police Chief Carrie West, Five year anniversary Budget and Taxes: Public

Questions Labeling Illegal Immigration ‘Invasion,’ per Report, The Texan, 19 December 2022 Posting Soon • Property Tax Blogs / Issue / #PropertyTax ​ • Budget Surplus Blog • Schools and Education, 88th TX Legislative December 30, 2022 Texas Supreme Court says it can’t force the state to process deluge of applications for tax Texan, 13 January 2023 Texas speaker criticized for blocking amendments, appointing Democratic chairs • Property Tax Blogs / Issue / #PropertyTax ​ • Budget Surplus Blog (to post week of Monday 16 January 2023)

In September, sales tax revenue totaled $3.69 billion, 17.2% more than last September; Sales tax accounts Sales tax accounts for 56% of all tax collections and is the largest source of funding for the state The largest amount of sales tax paid came from motor vehicle sales and rental taxes totaling $616 million Alcoholic beverage taxes totaled $138 million; hotel occupancy taxes totaled $57 million; both were up rate. current debt​ in .pdf Sales Tax Projection Worksheet in .pdf City of Willow Park, Sales Tax Report

Property assessments from a PID are used to cover the cost of improvements in areas where a PID exists Essentially, a PID is a stand alone debt secured by the property and can only be used for property improvements Council is also looking at creating a tax increment reinvestment zone (TIRZ) for the area. The TIRZ abatement buys down the property taxes as an incentive to the developer. This is a continuation of property previously annexed by the city and will extend that area all the way