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ORD 2026-28 FY27 Tax Levy TOWN OF TROPHY CLUB, TEXAS ORDINANCE NO. 2026-28 AN ORDINANCE OF THE TOWN OF TROPHY CLUB, TEXAS, AFFIXING AND LEVYING MUNICIPAL AD VALOREM TAXES FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2026 AND ENDING SEPTEMBER 30, 2027, AND FOR EACH FISCAL YEAR THEREAFTER UNTIL OTHERWISE PROVIDED, AT A RATE OF $0.412864 PER ONE HUNDRED DOLLARS ($100.00) ASSESSED VALUATION ON ALL TAXABLE PROPERTY WITHIN THE CORPORATE LIMITS OF THE TOWN; DIRECTING THE ASSESSMENT THEREOF TO PROVIDE REVENUES FOR THE PAYMENT OF CURRENT OPERATION AND MAINTENANCE EXPENSES AND INDEBTEDNESS OF THE TOWN; APPROVING THE TAX RATE AND LEVY; PROVIDING FOR DUE AND DELINQUENT DATES TOGETHER WITH PENALTIES AND INTEREST; PROVIDING FOR PAYMENT TO THE TOWN ASSESSOR/COLLECTOR; PROVIDING FOR PENALTY AND INTEREST; PROVIDING A CUMULATIVE CLAUSE; PROVIDING A SAVINGS CLAUSE; PROVIDING A SEVERABILITY CLAUSE; PROVIDING PUBLICATION; PROVIDING FOR ENGROSSMENT AND ENROLLMENT; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the Town of Trophy Club, Texas ("Town"), is a home rule municipality acting under its charter adopted by the electorate pursuant to Article XI, Section 5 of the Texas Constitution and Chapter 9 of the Local Government Code; and WHEREAS, the Town Council of the Town hereby finds that the tax for the fiscal year beginning October 1 , 2026, and ending September 30, 2027, hereinafter levied for current expenses of the Town and the general improvements of the Town and its property, must be levied to provide the revenue requirements of the budget for the ensuing year; and WHEREAS, the Town Council further finds that taxes for the year 2026-2027, hereinafter levied therefore are necessary to pay interest and to provide the required sinking fund on outstanding bonds of the Town issued for Town purposes, and on bonds proposed to be issued for such purposes during the ensuing year; and WHEREAS, the Town Council has approved, by separate ordinance on the 24th day of August 2026, the budget for the fiscal year beginning October 1 , 2026, and ending September 30, 2027; and WHEREAS, the Town was presented with and accepted the real and personal property tax appraisal rolls as certified by the Chief Appraiser or the Denton County Appraisal District for the 2026-2027 tax year; and Ordinance No. 2026-28 Page 2 WHEREAS, all statutory and constitutional requirements concerning the levying and assessing of ad valorem taxes have been completed in due and correct time; and WHEREAS, pursuant to Section 26.05 of the Texas Tax Code, the Town Council held a public hearing on the proposed tax rate on September 14, 2026, during the regular Town Council Meeting at 7:00 p.m. held at Trophy Club Town Hall, located at 1 Trophy Wood Drive, Trophy Club, Texas, and took action on the proposed rate at the close of the public hearing; and WHEREAS, the Town Council has, by record vote, approved separately each of the two components of the tax rate set forth. NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF TROPHY CLUB, TEXAS, THAT: SECTION 1. APPROVING THE TAX RATE AND LEVY There is hereby levied and ordered to be assessed and collected for the fiscal year beginning October 1, 2026, and ending September 30, 2027, and for each fiscal year thereafter until otherwise provided, on all taxable property, real, personal, and mixed, situated within the corporate limits of the Town of Trophy Club, Texas, and not exempted by the Constitution of the State of Texas, valid State laws or this ordinance, a tax of $0.412864 on each One Hundred Dollars ($100.00) assessed value of taxable property, which shall be apportioned and distributed as follows: (a) For the purpose of defraying the maintenance and operation expenses of the municipal government of the Town, a tax of$0.312864 (previously $0.309764) on each One Hundred Dollars ($100.00) assessed value of all taxable property; and (b) For the purpose of the payment of principal and interest on the debt of the Town, a tax of $0.100000 (previously $0.103100) on each One Hundred Dollars ($100.00) assessed value of all taxable property. SECTION 2. MAINTENANCE AND OPERATIONS STATEMENT THIS TAX RATE WILL RAISE MORE TAXES FOR MAINTENANCE AND OPERATIONS THAN LAST YEAR'S TAX RATE. Ordinance No. 2026-28 Page 3 SECTION 3. DUE DATE AND DELINQUENCY DATE All ad valorem taxes shall become due and payable on October 1, 2026, and all ad valorem taxes shall become delinquent after January 31, 2027. There shall be no discount for payment of taxes on or prior to January 31, 2027. A delinquent tax shall incur all penalty and interest authorized by law, Section 33.01 of the Texas Property Tax Code, as amended, to wit: a penalty of six percent (6%) of the amount of the tax for the first calendar month the tax is delinquent plus one percent (1%) for each additional month or portion of a month the tax remains unpaid prior to July 1 of the year in which it becomes delinquent. Provided, however, a tax delinquent on July 1 incurs a total penalty of twelve percent(12%) of the amount of the delinquent tax without regard to the number of months the tax has been delinquent. A delinquent tax shall also accrue interest at a rate of one percent (1%) for each month, or portion of a month, the tax remains unpaid. Taxes that become delinquent on or after February 1, 2027, but not later than May 1, 2027, that remain delinquent on July 1, 2027, incur an additional penalty of fifteen percent (15%) of the amount of taxes, penalty and interest due. Taxes that become delinquent on or after June 1, 2027 and for which split payment has been allowed under Section 31.03, 31.031, 31.032, or 31.04 of the Texas Tax Code and for which the taxpayer fails to make the second payment before July 1, incur an additional penalty of fifteen percent (15%) of the amount of unpaid tax. All such additional penalties in excess of a percentage specified by the Texas Tax Code are to defray the costs of collection due pursuant to the contract with the Town's legal counsel as authorized by Section 6.30 of the Texas Tax Code, as amended. Taxes herein levied and uncollected as of January 31, 2027, shall be a first and prior lien against the property, which lien shall be superior and prior to all other liens. SECTION 4. DENTON COUNTY TAX ASSESSOR/COLLECTOR Taxes shall be payable in full at the office of the Denton County Tax Assessor Office, 1505 E. McKinney, P.O. Box 90223, Denton, Texas 76202. The Town shall have available all rights and remedies provided by law for the enforcement of the collection of taxes levied under this Ordinance. SECTION 5. PENALTY AND INTEREST All delinquent taxes shall bear interest as provided by State law, in addition to the penalties set forth herein. Ordinance No. 2026-28 Page 4 SECTION 6. CUMULATIVE CLAUSE This Ordinance shall be cumulative of all provisions of the ordinances of the Town, except when the provisions of this Ordinance are in direct conflict with the provisions of such ordinances, in which event the conflicting provisions of such ordinances are hereby repealed. SECTION 7. SAVINGS CLAUSE All rights and remedies of the Town are expressly saved as to any and all violations of the provisions of any other ordinance affecting ad valorem taxes that have secured at the time of the effective date of this Ordinance; and, as to such accrued violations and all pending litigation, both civil and criminal, whether pending in court or not, under such ordinances same shall not be affected by this Ordinance, but may be prosecuted until final disposition by the court. SECTION 8. SEVERABILITY CLAUSE The sections, paragraphs, sentences, phrases, clauses, and words of this Ordinance are severable, and if any section, article, sentence, clause, phrase, or word in this Ordinance or application thereof to any person or circumstance is held invalid or unconstitutional by a Court of competent jurisdiction, such holding shall not affect the validity or the remaining portions of this Ordinance, and the Town Council hereby declares it would have passed such remaining portions of this Ordinance despite such invalidity, which remaining portions shall remain in full force and effect. SECTION 9. PUBLICATION CLAUSE The Town Secretary is hereby directed to publish the caption, penalty, and effective date clauses of this Ordinance as required by Section 3.16 of the Town's Charter, or as otherwise required by law. SECTION 10. ENGROSSMENT AND ENROLLMENT The Town Secretary is hereby directed to engross and enroll this Ordinance by filing this Ordinance in the ordinance records of the Town as required in the Town Charter. SECTION 11. EFFECTIVE DATE Ordinance No. 2026-28 Page 5 This Ordinance shall become effective from and after its date of passage and publication as required by law. PASSED AND APPROVED by the Town Council of the Town of Trophy Club, Texas, by a vote of (p ayes, CI nays, ( abstentions, and l absent, at a regular meeting of the Town Council held this 14th day of September, 2026. Aye Nay Abstention Absent Jeannette Tiffany, Mayor Rhylan Rowe, Mayor Pro Tern, Place 4 Sean Nelson, Councilmember, Place 1 ✓- T. Clark Simmons, Councilmember, Place 2 Dennis Sheridan, Councilmember, Place 3 ✓ Garry Ash, Councilmember, Place 5 Steve Flynn, Councilmember, Place 6 ✓ O ,d60 dal i. 0 P 4* fn _e ti a► f, Mayor ATTEST: • 1NUAR� Tammy Dixon, own S cretary APPROVED TO AS FORM: Dean R ia, o ttorney Ad diet 'a 4p...delver STATE OF TEXAS COUNTY OF TARRANT I, LEEANNA RHODES, ASSOCIATE ORDINANCE NO.2026-28 PUBLISHER of the COMMERCIAL RECORDER, am AN ORDINANCE OF THE TOWN OF TROPHY CLUB, over the age of 18, have knowledge of the facts TEXAS, AFFIXING AND LEVYINAD stated herein, and am otherwise competent to MUNICIPAL HE p VALOREM TAXES FOR THE make this affidavit. The COMMERCIAL FISCAL YEAR BEGINNING OCTOBER 1,2026 AND END- RECORDER,of Fort Worth,Tarrant County,Texas, ING SEPTEMBER 30,2027, AND FOR EACH FISCAL YEAR is a newspaper of general circulation which has THEREAFTER UNTIL OTH- ERWISEbeenpublished in Tarrant Countyregularly and PROVIDED, AT A li y RATE OF $0,41 2864 PER continuously for a period of over one year prior to ONE HUNDRED DOLLARS ($100.00) ASSESSED VAL- the first day of publication of this notice. The UATION ON ALL TAXABLE PROPERTY WITHIN THE COMMERCIAL RECORDER is qualified to publish CORPORATE LIMITS OF legal notices accordingto Article 28e, Revised THE TOWN; DIRECTING g THE ASSESSMENT THERE- Civil statutes of Texas. OF TO PROVIDE REVENUES FOR THE PAYMENT OF CURRENT OPERATION AND I, solemnly swear that the notice hereto attached MAINTENANCE EXPENSES OF was published in the COMMERCIAL RECORDER, AND INDEBTEDNESSOWN; APPROVING NG THE TOWN; APPROVING on the following dates,to-wit: THE TAX RATE AND LEVY; PROVIDING FOR DUE AND DELINQUENT DATES TO- September 17, 2026 GETHER WITH PENALTIES AND INTEREST; PROVID- ING FOR PAYMENT TO THE TOWN ASSESSOR/COL- LECTOR; PROVIDING FOR PENALTY AND INTEREST; PROVIDING A CUMULATIVE CLAUSE;PROVIDING A SAV- Sworn to and subscribed before me this INGS CLAUSE; PROVIDING A SEVERABILITY CLAUSE; PROVIDING PUBLICATION; 17th day of September, A.D. 2026 PROVIDING FOR ENGROSS- MENT AND ENROLLMENT; I ` AND PROVIDING AN EFFEC- „ ► AlIA Notary 'ubli•, arrant County, Texas A . A ;#y II®X1 94 266607 - � fi?i9iHi44ilrR Expires Pe61!!el L 2030