HomeMy WebLinkAbout(3) PO 5906: APPROVING THE 2008 TAX ROLL FOR THE USE AND SUPPORT OF THE MUNICIPAL GOVERNMENT OF THE CITY OF PORT ARTHUR; AND PROVIDING FOR THE INTEREST AND SINKING FUND AND APPORTIONING EACH LEVY FOR A SPECIFIC PURPOSEMemorandum
City of Port Arthur, Texas
Finance Department
To: Steve Fitzgibbons, City Manager
From: Rebecca Underhill, Director of Finance
Date: September 10, 2008
Subject: Proposed Ordinance No. 5905 and 5906
RECOMMENDATION
Pursuant to Section 26.05 of the Texas Property Tax Code, Proposed Ordinance No. 5905 Adopting
the 2008 Tax Rate and Proposed Ordinance No. 5906, Approving the' 2008 Tax Roll for the City of
Port Arthur are presented for City Council consideration and approval.
BACKGROUND
The tax rate for 2008 is $0.76 per $100 valuation. With a 20% homestead exemption, the proposed
tax rate would provide an effective tax rate of $0.608 for all homestead owners. Senior citizen
and/or disabled homeowners receive a $25,000 exemption in addition. to the 20% homestead
exemption. As a result, these citizens have no property tax liability unless their homf; is assessed at
$31,400 or more.
The 2008 taxable value is $1,970,913,867. This represents a $239,617,752 or 13.84°io increase over
the 2007 taxable value. The 2008 value will produce a tax levy of $14,978,945 basest on the City's
proposed tax rate of $0.76 per $100 of valuation.
A comparison of values, tax levy and tax rates from 1999 to 2008 are as follows:
YEAR TAXABLE TAX ADOPTED
VALUE LEVY RATE
1999 $ 1,095,680,431 $ 8,491,523 $ 0.775
2000 1,135,695,447 8,801,640 0.775
2001 1,160,384,830 8,992,982 0.775
2002 1,183,370,370 9,170,120 0.775
2003 1,244,181,585 9,642,407 0.775
2004 1,418,923,933 10,996,660 0.775
2005 1,528,763,620 11,847,918 0.775
2006 1,431,012,945 11,090,350 0.775
2007 1,731,296,115 13,157,850 0.760
2008 1,970,913,867 14,978,945 0.760
Z:\Finance\Ordinances\Tax Ordinances Cover Memo.doc
P.O. No. 5906
j j a: 9/9/08
ORDINANCE NO.
AN ORDINANCE APPROVING THE 2008 TAX ROLL FOR THE
USE AND SUPPORT OF THE MUNICIPAL GOVERNMENT OF
THE CITY OF PORT ARTHUR; AND PROVIDING FOR THE
INTEREST AND SINKING FUND AND APPORTIONING EACH
LEVY FOR A SPECIFIC PURPOSE.
WHEREAS, pursuant to the provisions of Section 26.01 of the Texas Property 'Tax Code, the
Chief Appraiser of the Jefferson County and Orange County Appraisal Districts has certified their
approval of, and forwarded to the Tax Assessor-Collectors the appraisal roll to be used for the
captioned year; and,
WHEREAS, pursuant to Section 26.04 of the Texas Property Tax Code, the City Council of
the City of Port Arthur has approved said Appraisal Roll for the captioned year and the Jefferson
County Tax Assessor-Collector has calculated and publicized the effective tax rate and. roll back tax
rate for 2008 and,
WHEREAS, pursuant to Section 102.005 Local Government Code the City Manager fired the
proposed City Budget with the City Secretary (Clerk) before the 30th day before the date of this
ordinance levying taxes for fiscal year 2008 - 2009; and,
WHEREAS, by Ordinance No. the City Council adopted an Ad Valorem tax :rate of
seventy-six cents ($0.76) per One Hundred and No/100 ($100) Dollars valuation of propc;rty; anti,
WHEREAS, pursuant to Section 26.09 of the Texas Property Tax Code, the "Cax Assessor-
Collectors having applied the adopted Tax Rate of $0.76 to each listing on the approved Appraisal
Roll and having calculated the Tax Liability of each listing;
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY
OF PORT ARTHUR:
Section 1. The Appraisal Rolls as approved by the Jefferson County and Orange County
Appraisal Districts with the tax amount entered shall become the Tax Roll of the City of Port Arthur
for the Tax Year 2008.
Section 2. There is hereby levied for the current year 2008 and there shall be collected for the
use and support of the Municipal Government of the City of Port Arthur, and to provide interest and
sinking funds for the fiscal year ending September 30, 2009 upon all property; real, personal and
mixed, within the corporate limits of said City subject to taxation, tax oiF seventy-six cents ($0.76) on
each One Hundred and No/100 ($100) Dollars valuation of property, said tax being so leviE°d and
apportioned to the specific purposes hereinafter set forth, and comprising the gross amount of
$14,978,945.
(a) For the maintenance and support of the general government (General Fund), a tax o:f thirty
five seven nine nine ($0.357990) on each One Hundred and No/100 ($100) Dollars valuation of
property, comprising a tax amount of $7,055,675.
(b) For the Interest and Sinking Fund, a tax of forty zero two zero one cents ($0.402010) on
each One Hundred and No/100 ($100) Dollars valuation of property, comprising a tax amount of
$7,923,270.
Section 3. That pursuant to Resolution 04-76 adopted by City Council on March 2, 2004, the
gross tax levy be reduced by $221,533 to reflect the tax amount lost to frozen senior citizc;n and
disabled accounts.
Section 4. The Jefferson County Tax Assessor-Collector (who, pursuant to contract, is the Tax
Assessor-Collector for the City of Port Arthur) and the Orange Count~/ Tax Assessor-Collector are
hereby directed to prepare Tax Statements and proceed with the Collections for the 2008 taxable year,
and the amounts collected shall be deposited in the Depository of the City of Port Arthur, to be
distributed in accordance with this Ordinance.
Section 5. There is hereby levied and there shall be collected in accordance with the
provisions of section 102-111 of Article IV of Chapter 102 of the Code of Ordinances, City of Port
Arthur, Texas, from certain persons, firms, associations, or corporations, pursuing occupations taxed
by the General Laws, of the State of Texas, an annual Occupation Tax, provided by the State Laws,
which may be paid as provided the State Law.
Section 6. This being an Ordinance not requiring publication it shall take effect immediately
and be in force from and after its passage.
READ, ADOPTED, AND APPROVED, this 23rd day of September 2008 , A.D., at a
Meeting of the City Council of the City of Port Arthur, Texas by the following vote:
Mayor:
Council members:
Noes•
Mayor Debris Prince
ATTEST:
Terri Hanks, Acting City Secretary
APPROVED AS TO FORM:
i~Zr „~L ~l `"~-
Mark Sokolow -City Attorney
APPROVED FOR ADMINISTRATION:
Manager -Steve Fitzgibbons
Director of Finance -Rebecca Underhill
jja\word\ordinance\tax levy 2008