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Wednesday, October 20, 2021

2021 Tax Rates Approved and Fiscal Year 2022 Budget Adopted

Posted by on Monday, September 20th, 2021 in Hot Topics, Notices

At the regularly scheduled September 16, 2021 Board meeting, the WCID No. 17 Board of Directors held a public hearing regarding the District Wide and Defined Area tax rates as well as its Fiscal Year 2022 Budget. The following tax rates were approved for the tax year 2021.

District Wide Operations and Maintenance Tax (Approved Tax Rate Reduction)

  • Tax Year 2020 Total tax rate = 0.0599/$100
  • Tax Year 2021 Total tax rate = 0.0568/$100
  • Due to the increase in AV District Wide, the average homeowner would see an increase in their tax equal to $10.67
  • This is a 3.35% increase over FY2021

Steiner Ranch Defined Area Debt Service Tax (Approved Tax Rate Reduction)

  • Tax Year 2020 Total tax rate = 0.2889/$100
  • Tax Year 2021 Total tax rate = 0.2565/$100
  • Due to the increase in AV across the Defined Area, the average homeowner would see a decrease in their tax equal to $48.51
  • This is a 3.08% decrease from FY 2021

Flintrock Ranch Estates Defined Area Debt Service Tax (No Tax Rate Change)

  • Tax Year 2020 Total tax rate = 0.3422/$100
  • Tax Year 2021 Total tax rate = 0.3422/$100
  • Due to the increase in AV across the Define Area, the average homeowner would see an increase in their tax equal to $157.32
  • This is a 5.64% increase from FY 2021

Serene Hills Defined Area Operations & Maintenance Tax, Debt Service Tax (No Tax Rate Change)

  • Tax Year 2020 Total tax rate = 0.6250/$100
  • Tax Year 2021 tax rate = 0.6250/$100
  • Due to the increase in AV across the Defined Area, the average homeowner would see an increase in their tax = $597.61
  • This is a 10.10% increase over FY 2021
  • This total tax is comprised of Operations and Maintenance as well as a Debt Service tax.
  • Specifically:
    • Tax Year 2021 O&M tax rate equal to 0.0750/$100
    • Tax Year 2021 Debt Service Tax rate equal to 0.5525/$100
    • Combined Tax Year 2021 Total tax rate equal to 0.6250/$100

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The fiscal year 2022 budget includes nearly $22 million dollars in Capital Improvement expenditure including such major projects as:

  • The expansion of the Mansfield Water Treatment Plant – where the plant’s water production capacity will be doubled to 12 million gallons per day.
  • Installation of upgraded water lines along Quinlan Park Road in Steiner Ranch. This project will significantly increase pressure controls and fire protection throughout all operating conditions in the southern portions of Steiner Ranch.
  • Effluent water treatment and disposal projects throughout the Flintrock Ranch and Serene Hills areas. This will allow the District to take advantage of the full capacity of it Flintrock Waste Water Treatment Plant.

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The following rate changes were adopted by the Board of Directors as part of the Fiscal Year 2022 Budget:  All rate changes will be effective 10/1/2021.

Water:

  • In fiscal year 2021 a new Rate Study was adopted. Based upon current operational and maintenance costs, no Fiscal Year 2022 water rates changes were made.

Waste Water

    • Steiner Ranch Waste Water System increases are necessary to ensure that available funding exists and allow the District to avoid pursuing costlier financing options for future system upgrades and maintenance. Based upon the Fiscal Year 2021 Rate Study the Board of Directors has adopted a volumetric rate increase of $0.04 per thousand gallons for Fiscal Year 2022 for two systems.

     

    • Flintrock Waste Water System is operating consistently with operational costs. No rate changes were made for Fiscal Year 2022.

     

    • Commander’s Point Waste Water System is operating consistently with operational costs. No rate changes were made for Fiscal Year 2022.

     

    • Comanche Canyon System is not operating consistently with operational costs. In order to correct this while accounting for administrative and maintenance costs, rates will need to be adjusted. Based upon the Fiscal Year 2021 Rate Study the Board of Directors has adopted a volumetric rate increase of $0.11 per thousand gallons for Fiscal Year 2022.

     

    • Falconhead West System operations are currently covering operational costs. No rate changes are necessary for FY 2022.

     

    • North Lakeway Village System operations have been consistent with operational costs. but due to rising wholesale costs, the Board of Directors has adopted a volumetric rate increase of $1.43 per thousand gallons for Fiscal Year 2022. This is a pass through rate that is designed and set by Lakeway MUD.

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Apache Shores and River Ridge Out of District Fee

  • This fee applies to both Apache Shores and River Ridge customers in order to build up available funds for future waterline improvements to each system. Looking forward to the amount of work called out in the 2018 update to the Water Line Replacement plan, the Board of Directors has adopted an Out of District fee increase of $4.00 per month for a new total fee of $28.00 per month.

Apache Shores and River Ridge Capacity Buy-In Fee / Debt Service Fee

  • Capacity Buy-In Fee (per month, per customer)
    • This fee is calculated based on 40% of the annual debt service payment requirement, and it is charged to the existing customers of the system that were not required to pay a water impact fee at the time the District took over the water system.
      • Apache Shores –
        • Increased by $0.21 / month to a total of $8.89/month
      • River Ridge –
        • Decreased by $0.03 / month to a total of $15.05/month
      • Debt Service Fee (per month, per customer)
        • This fee is calculated based on 60% of the annual debt service payment requirement.
          • Apache Shores –
            • Increased by $0.11 / month to a total of $5.24/month
          • River Ridge –
            • Decreased by $1.11 / month to a total of $16.51/month

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Credit Card Processing fees

  • The Board approved a change to how it assesses fees for credit card convenience processing. Credit cards will now be assessed the following fees per transaction.
    • MasterCard – 2% of transaction amount per transaction
    • Visa/Discover – 3% of transaction amount per transaction
    • American Express will no longer be accepted as a form of payment
    • ACH transactions are offered at no cost

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