HomeMy WebLinkAboutPO 6726: ADOPTING A TAX RATE P.O. NO. 6726
KD: 09/4/18
ORDINANCE NO.
AN ORDINANCE ADOPTING A TAX RATE
FOR THE TAX YEAR 2018 (FISCAL YEAR
OCTOBER 1,2018—SEPTEMBER 30,2019)
WHEREAS, the Tax Assessor-Collector has calculated and submitted to the City Council,
pursuant to Section 26.04 of the Texas Property Tax Code, the effective tax rate of$0.781129 per One
Hundred and No/100 Dollar ($100) valuation of property and the rollback rate of$0.818081 per One
Hundred dollar valuation ($100); and
WHEREAS, on August 10, 2018, the City Manager has submitted to the City Council the
Budget for the Fiscal Year October 1, 2018 through September 30, 2019; and
WHEREAS, pursuant to 26.05(b) of the Texas Property Tax Code, the City Council hereby
moves that property taxes be increased by adoption of a tax rate of$0.792 per$100 valuation, which is
effectively a 1.3917 percent increase in the tax rate.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PORT ARTHUR:
THAT, the City Council hereby moves that property taxes be increased by adoption of a tax
rate of$0.792 per$100 valuation, which is effectively a 1.3917 percent increase in the tax rate.
THAT, pursuant to Section 26.05(A) of the Texas Property Tax Code, THIS TAX RATE
WILL RAISE MORE TAXES FOR MAINTENANCE AND OPERATION THAN LAST
YEAR'S TAX RATE.
THAT, pursuant to Section 26.05(B) of the Texas Property Tax Code, THE TAX RATE
WILL EFFECTIVELY BE RAISED BY 2.5438 PERCENT AND WILL RAISE TAXES FOR
MAINTENANCE AND OPERATIONS ON A $100,000 HOME BY APPROXIMATELY $12.16.
THAT, pursuant to Section 26.05 of the Texas Property Tax Code, the City Council hereby
moves that property taxes be increased by the adoption of an Ad Valorem tax rate on One Hundred
and No/100 Dollar($100) valuation for tax year 2018 as follows:
Tax Rate to Fund Interest and Sinking Fund $0.301826
Tax Rate to Fund Maintenance and Operation Expenditures 0.490174
Total 2018 Tax Rate $0.792000
THAT, a copy of the caption of this Ordinance be spread upon the Minutes of the City Council.
READ, ADOPTED, AND APPROVED, this day of September, 2018, A.D., at a
Special Meeting of the City Council of the City of Port Arthur, Texas by the following vote: AYES:
Mayor:
Councilmembers:
NOES:
Derrick Freeman-Mayor
ATTEST:
Sherri Bellard - City Secretary
APPROVED AS TO FORM:
Val Tizeno - City Attorney
APPROVED FOR ADMINISTRATION:
Harvey Robinson—Interim City Manager
Andrew Vasquez- Director of Finance
Tax Rate to Fund Interest and Sinking Fund $0.301826
Tax Rate to Fund Maintenance and Operation Expenditures 0.490174
Total 2018 Tax Rate $0.792000
THAT, a copy of the caption of this Ordinance be spread upon the Minutes of the City Council.
READ,ADOPTED,AND APPROVED,this day of September,2018,A.D., at a Special
Meeting of the City Council of the City of Port Arthur, Texas by the following vote: AYES:
Mayor:
Councilmembers:
NOES:
Derrick Freeman-Mayor
ATTEST:
Sherri Bellard - City Secretary
APPROVED AS TO FORM:
• � J
IIS
Val Tizeno y Attornf
APPROVED FOR ADMINISTRATION:
Harvey Robinson—Interim City Manager
Andrew Vasquez- Director of Finance