HomeMy WebLinkAboutPO 6801: ADOPTING A TAX RATE FOR THE TAX YEAR 2019 FISCAL YEAR OCTIOBER 1, 2019 - SEPTEMBER 30, 2020 P.O. NO. 6801
KD: 09/4/19
ORDINANCE NO.
AN ORDINANCE ADOPTING A TAX RATE
FOR THE TAX YEAR 2019 (FISCAL YEAR
OCTOBER 1,2019—SEPTEMBER 30,2020)
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$0.722594 per One
Hundred and No/100 Dollar ($100) valuation of property and the rollback rate of$0.780685 per One
Hundred Dollar valuation ($100); and
WHEREAS, on August 9, 2019,the City Manager has submitted to the City Council the Budget
for the Fiscal Year October 1, 2019 through September 30, 2020; 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 9.6051 percent increase in the tax rate.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PORT ARTHUR:
THAT, the City Council has hereby moves that property taxes be increased by adoption of a tax
rate of$0.792 per$100 valuation,which is effectively a 9.6051 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 10.53 PERCENT AND WILL RAISE TAXES FOR
MAINTENANCE AND OPERATIONS ON A $100,000 HOME BY APPROXIMATELY $47.09.
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 2019 as follows:
Tax Rate to Fund Interest and Sinking Fund $0.297703
Tax Rate to Fund Maintenance and Operation Expenditures 0.494297
Total 2019 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,2019,A.D.,at a Meeting
of the City Council of the City of Port Arthur, Texas by the following vote: AYES:
Mayor:
Councilmembers:
NOES:
Thurman"Bill"Bartie-Mayor
ATTEST:
Sherri Bellard - City Secretary
APPROVED AS TO FORM:
Val Tizeno - City Attorney
APPROVED FOR ADMINISTRATION:
Ron Burton—Interim City Manager
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Kandy Daniel Interim Director of Finance